senior bankruptcy
My family has just become involved with my 80 year old parents. They have enough money for 3 more months. We have discovered that they have 42,000 in credit card debts at 29% interest. They are paying 2500 a month in credit cards. Obviously they can not pay before going broke. They have no assets, no house, no retirement funf. They have gone throught everything and live on Social Security. Whay should they do-bankruptcy or ignore everything but be harrassed for life. We will be supporting them from now on.
1 Answer from Attorneys
Re: senior bankruptcy
I am not a bankruptcy attorney they may qualify for medicaid assistance (food stamps, health care and possibly section 8 housing). And try to negotiate or consolidate their creditor debt (if not filing for bankruptcy).
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