Bankruptcy, Foreclosure, what are the consequences?
by Scott
The company I worked for was purchased, and I have been out of work for 1 year. I am having to file for bankruptcy. The home I live in is in my name, the loan in my parents. If we go into foreclosure, what are the consequences for them? They are not worried about effects on credit, but I do not want them to have any financial liability. I have always paid the mortgage payments and taxes.
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