Supplementary card holder liable to bankcruptcy or not if principle card holder declared bankrupt?

Answer 1

If the person is a joint user they would probably go after that person for the debt.

If the person is an authorized user they cannot go after that person.

If the person is an authorized user, to save on future headaches, they should be removed from the account before the principle account holder files bankruptcy.

Answer 2

If the initial card application was made as a joint application, then the creditors will look to recover there monies from both parties.
If however the supplementary card holder contacts the credit card company and explains that the primary holder is in the process of applying for bankruptcy and as if either part or all of the dept can be transferred over into there name only the problem will go away.
You would be better prepared if you can break down the spending on the card and try to put together a list of things that were purchased by the principle card holder and the things purchased by the other named person as this can be used as a justification for splitting the debt.

Answer 3

No.
Recent court findings suggest that the supplimentary cardholder is not liable for the debts of the primary. The decision cited an instance of a father giving a supplimentary card to his child at university. There is no way the student would be responsible for charges his dad ran up.

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