Legal Question in Bankruptcy in New York
mother's debt
My mother recently passed away and left my father in about $15,500 in credit card debt. His name is primary on the cards.My father will now be living a a VERY fixed income. My mother worked up to the day before she passed and also collected her social security so that is a large chunk of change he'll be missing. We wanted to know if it would be best to file bankruptcy, but he owns his home that is probably assessed at around $50,000. He is in failing health and has never been involved in the finances of keeping the house. My sister and I are at a loss as to how to get him out of debt.
1 Answer from Attorneys
Re: mother's debt
This is a problem I saw many times in my work with Legal Aid. There are no 100% solutions, but he can be assisted.
The solution lies in the area of estate planning combined with Bankruptcy law. This is something you should be doing even without the issue of the credit card debt.
I urge you very, very strongly to deal with this issue at this time. It can save you a large amount of money and also ease your father's anxiety.
I am available for an appointment for no fee. Please contact me to arrange a time by email ([email protected] or by telephone at 914-576-0912/646-591-5786.
Related Questions & Answers
-
Small business needs help We're in negotiations in trying to sell our small... Asked 10/18/04, 12:15 pm in United States New York Bankruptcy Law
-
Financial Aid If I file bankruptcy will my children lose their college financial aid? Asked 10/09/04, 1:10 pm in United States New York Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
