Is there a waiting period to file bankruptcy after removing my mother from the account?

Full question:

My mother helped me consolidate debt a few years ago, giving me access to 2 credit cards with higher limits than I was able to get in order to get a better interest rate. We thought this would help, but it seems I have no choice but to file bankruptcy (I have tried credit counseling as well). I have filed the paperwork to take my mother's name off of the account, so I am the sole liable party. Once this takes effect, is there a waiting period before I can file bankruptcy? My bankruptcy won't affect my mother's credit, will it?

• Category: Bankruptcy
• Date: 04/07/2025
• State: Indiana

Answer:

After the Creditors Meeting, there is a 60-day period during which creditors can file claims if they believe you have non-exempt assets. During this time, creditors may also object to your discharge if they have legal grounds, such as fraud or obligations like student loans and alimony. To prevent credit reporting issues, it's advisable to notify creditors in writing that your mother is no longer responsible for payments.