Providing Collateral for Someone Else's Loan

[Peter Mac]

My question involves bankruptcy in the state of: UT

I provided a house as collateral for someone else's loan.
The person defaulted and now the lender is foreclosing on my house.

I don't owe this money--I never signed the promissory note. I just provided the collateral. May I file Chapter 13 BK to stop the foreclosure or will the courts say it's not my debt?

Alternatively, may I file an involuntary bankruptcy petition on the person who is responsible for the loan?

[Mr. Knowitall]

Have your bankruptcy lawyer review whatever it was that you signed, making your home collateral for the loan. I can't tell you the implications of a contract I haven't seen.