<prompt> Human: When my family moved to the states, my parents really screwed up our finances and we went bankrupt. Since I was very young, Ive been really frugal and paranoid of debt or credit issues. This has gone on well into adulthood and I have no interest in changing it. I dont own property so I know basically nothing about mortgages or anything of that nature. Didnt think Id have to start thinking about it yet. My main concerns are: How badly could this potentially affect my credit if something off-plan were to happen? Would I be responsible for payments if something off-plan were to happen? Are there other repercussions of this that Im not aware of any negative side effects of putting a church in your name? Are there any benefits to doing this besides helping my dad out?By off-plan I mean if he runs out of money, if his health gets bad and he cant work, etcAll advicefeedback is welcome! EDIT: My dad is definitely not doing this for fraud purposes; hes a monk and very serious about his religion and has always wanted to start his own church. I wanted to clarify this would be a legitimate operation.  <response>: This is an awful, awful idea and shame on your dad. Jesus said rhetorically, Who of you if your sons ask him for an egg will give him a scorpion? Without you asking your dad is trying to give you a scorpion that will sting you! 