My question involves bankruptcy in the state of: Texas
I have a joint investment property that is currently being rented. The rental payments have been going to my co-borrower on the property.
The co-borrower has missed the last two mortgage payments and I was just contacted by the bank. I have now found out from the co-borrower that he has filed for Chapter 7 and he stated he will continue to collect the rent and pocket the money.
Meanwhile, my credit is getting destroyed, the property could foreclose, etc.
Is this a form of fraud? What are my options here? I would like to stay clean here.
I have reached out to the tenents and asked for them to send the payments to me. Considering paying the last two late payments out of my own pocket so I do not take the hit.
If he is fileing bankrupcy what can I do??

