Re: National Arbitration Forum

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Since my sister was an authorized user, I am obligated to pay
for this bill to show respect for my step-father. My sister
did not intend to abandon this bill, but she got laid off and
was not unable to continue payments. It was not until it was
too late that she had informed anyone about this. My step-
father is retired is does not have any income aside from soc
sec. I am aware that debt collectors can not garnish any
wages from that. However, the house is under his name, and
has my mother as the co-signer. He has no other properties,
nor assets. What's the worst can Mann Bracken do? Please
advise.....
On 1/10/08, -- wrote:
> On 1/10/08, Jom-Jon wrote:
>> My sister had racked up my step-father's credit card
>> (Chase) for the amount of $3001. It has been charged off
>> and was assigned to Mann Bracken. I have already made the
>> first mistake of contacting them and was advised to $500
>> monthly which I can not afford. I am obligated to pay for
>> this bill since it is under my step-father's name. I was
>> told by them that no other amount will be accepted and
>> they can still file an Arbitration to take whatever assets
>> my step-father has. Although my step-father is retired,
>> they threatened to put a lien on the house or garnish my
>> mother's wages. Please advise as to what the best action
>> would be... So far I have not received any letter from,
>> nor any phone calls. Should I prepare and embrace myself
>> for one of their Arbitration tactics?
> ***************
> I don't understand why you are responsible for your step
> father’s debt. Did you sign an agreement to be responsible
> or was your name on the card also?
>
> Do you need to pay off the debt to protect assets of your
> step father that you need and use? (like his house or car)
>
> Even a wife is not responsible for the personal debts of her
> husband unless she entered into a security agreement or is a
> co-signer.
>
> If your step father's debt is personal (that is a credit
> card with only his name as an authorized signer) No one else
> can be held responsible. If the house is marital property
> (tenants in the entirety) then it can't be touched by his
> creditors.
>
> Neither can his wife be held responsible or any property she
> owns as a tenant in entirety or as her personal property.
>
> Before you do anything more, find out who is on this Chase
> credit card. Just him or is his wife also on the card?
>
> Find out how the deed to the house is written. Is it
> tenants in common, joint tennant or tennants in the entirety?