 | |
| Browse | Ask | Answer | Search | Join/Login | |
Please help my mother!
Asked Apr 8, 2006, 05:38 PM
—
6 Answers My mother is 73 years old and she has 30,000.00 in credit card debt. She has depleted her savings and gets $490. A month in social security. She owns a home in a cooperative in NJ and can't get a reverse mortgage because Nj doesn't allow that on cooperatives. She was advised not to go bankrupt because she would have to sell her home. She won't sell it. She was also advised to not pay the credit card debt and to send a letter to the cc companies stating that she cannot pay and to just leave it at that. I am at my wits end as to how to help her I can't afford to pay her bills and mine. Can someone tell me what the best thing to do is? Thanks. |
| ||||
| But this is a very simple issue at this point, She can't pay them if she wanted to, she does not make enough to pay utilities and food hardly. So just don't pay them. They may or may not, get a judgement attach any bank accounts and perhaps put a lien on the property, but that is the worst they can do. Now if her social security is on direct deposit, they can attack the bank account once the check is deposited, but can not garnish the actual check, so she may need to go back to a physcial check and pay bills with money orders and not have a checking account | ||||
| |
| ||||
| I agree with Chuck. Have her stop paying all together, simply because she can not possibly afford to pay it. They cannot take her house, but when she dies, the house will be sold and the entire amount most likely will go to the credit card companies. And Chuck brings up a good point about the cheques/bank account. | ||||
| |
| ||||
| HI, I agree with the answers before mine. Please don't sign anything yourself with the credit card company. It could possibly make you responsible for all this debt! Don't worry about trying to help your Mom pay it off, because you can't, and it's not your responsibility, as long as it's in her name only. | ||||
| |
| ||||
| Thank you everyone for your input. Just for the record--I was involved in her finances--she was very good at hiding certain things so that I would not get mad. Also she can't declare bankruptcy because she will lose her house and I think that might just kill her. | ||||
| |
| Thread Tools | Search this Thread |
Add your answer here.
Check out some similar questions!
I have been searching for my mother since I was 21 years old. I am now almost 31 and all I have found out was her name and date she married my dad and how old she was when she married my dad. I was not adopted. My dad raised me. For some reason my dad would not tell me anything about her and now...
I need an opinion..... My mother has lent me money for some computer programs and we get our cell phones together so I deposit mine in her account every month to pay for mine and pay her monthly to pay her back for my programs. Lately, my work has been slow, and I will not have the money until...
Hi my name is jermaine, I'm new to this board. My mother who is 65yrs of age has a occupier staying in her basement located in new york, he was paying a occupancy fee for a total of about 3-4 months. He stopped paying the occupancy fee in end of june and stated that he will be leaving leaving...
My oldest son is 18 almost 19 years old. He went to DJJ for breaking into several homes in our neighborhood. My son is very smart maybe too smart. After he was in DJJ for a couple of months they sent him to the Mental Hospital where he was diagnosed with Bipolar. He came home after being in a...
I have a 2 year old male cat. We got him from my grandfather who still has the mother and the sister. They were together until he was about 4 months old. If I brought my cat to see the mother and the sister, would he still reconize them? I would like to bring them together again but, I don't...
View more Bankruptcy & Debt questions Search
