Posted on: 17th Aug, 2010 09:03 pm
MY mom is a 73 yr old women in many credit card debit..... her only form of income is her SSI. i know that creditors cant take her SSI money away from her, but should she still file for bankruptcy? i was told that my mom should just simply ignore the bills and change her phone number to avoid the harrasing phone calls. my mom doesnt own anything such as a house or car. she lives in Housing ( projects)....... PLEASE LET ME KNOW WHAT I SHOULD DO? i will honestly appreciate it A LOT!
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hi vickianapena,
your mother can file bankruptcy though she is on ssi. she can file bankruptcy and get her credit card debt discharged. however, prior to filing bankruptcy, i would suggest your mother to negotiate with the credit card companies so that she can get an affordable payment plan to pay off the dues.
thanks
your mother can file bankruptcy though she is on ssi. she can file bankruptcy and get her credit card debt discharged. however, prior to filing bankruptcy, i would suggest your mother to negotiate with the credit card companies so that she can get an affordable payment plan to pay off the dues.
thanks
I'm in league with James here; owing the debt, she ought to try to find a way to pay it back. If that's impossible, then of course, bankruptcy is an option. Changing the phone number is devious, and creditors have ways to get information even when that's done; so she ought to avoid that.
Bankruptcy isn't anything to be fearful of, and it can do precisely what she'd like to do - give her a fresh start financially. That's not suggesting she go back out later and get new credit, but it would eliminate the need to worry about this existing situation.
Bankruptcy isn't anything to be fearful of, and it can do precisely what she'd like to do - give her a fresh start financially. That's not suggesting she go back out later and get new credit, but it would eliminate the need to worry about this existing situation.
