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Roger, Attorney
Category: Bankruptcy Law
Satisfied Customers: 31782
Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
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1) If I lied about my amount of income to raise credit limit,

Resolved Question:

1) If I lied about my amount of income to raise credit limit, can I still file bankruptcy?
2) Can I go to jail for lying?
3) Are people who are "authorized users" only on my accounts liable for the debt. (the debt is showing up on their credit reports-as authurized users)
I have tried to remove the authorized signers previously and was told I could not remove them without the card being at -0-.
Submitted: 8 years ago.
Category: Bankruptcy Law
Expert:  Roger replied 8 years ago.

1. You can still file bankruptcy.

2. Lying is considered fraud, and it is possible to go to jail for defrauding the creditor, but not very likely. The more likely result is a fine on top of what you owe.

3. You are responsible for the debt charged by the authorized signers.

Customer: replied 8 years ago.
On number 3...what I want to know is will the authorized signer be held liable?
Expert:  Roger replied 8 years ago.
An authorized user is not legally obligated to pay the debt, even if he was the sole user of the credit card.
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