When individuals file for bankruptcy, their credit score is often lowered. Many individuals worry that if their credit score is lowered then their family members credit scores will also be ruined.

In most cases, filing for bankruptcy will have no effect on another family members' credit score. It will usually have an effect if the individual filing for bankruptcy is filing with his or her spouse. For such joint filings, both spouses credit will likely be damaged by the bankruptcy filing. 

If you or anyone you know is considering filing for bankruptcy, contact the Austin bankruptcy attorneys of Slater, Kennon, & Jameson, LLP, at 512-338-1100.