My question involves bankruptcy in the state of: California
1. To my understanding after talking to a bankruptcy lawyer, my credit would be affected should my mother decide to file ch. 13 because I am co owner, right?
2. If she decides to file ch. 7, she can walk away from it all. The house, the car, miscellaneous bills, etc. etc. but unfortunately for me (co owner), i'll be accountable for the whole ball park figure, right?
3. If she decides to file ch. 13, I (co signer), would be protected "automatic stay" (no collection activity) unless my mother defaults on several payments then I would definitely be liable, right?
4. Lawyer tells her that he can't file the house under ch. 13 and that she still have to make regular monthly payments on it unless she can prove that the house is value a lot less then what it was originally worth ... right?
5. If she files ch. 13, would it make sense for me to file bankruptcy too? separately?

