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-   -   Bankruptcy filing for seniors (https://www.askmehelpdesk.com/showthread.php?t=526217)

  • Nov 15, 2010, 05:48 PM
    desoto
    Bankruptcy filing for seniors
    Can we as elderly seniors on social security file for bankruptcy and get rid of high credit card debt, mobile home payments, personal loan debt?
  • Nov 15, 2010, 06:37 PM
    ballengerb1

    Anyone can try to file bankruptcy but the courts will look at every asset to determine if the party truly is bankrupt. Your debts must excede your assets, do they
  • Nov 15, 2010, 07:41 PM
    DownUnder

    You will have to take a means test to see if you qualify for chapter 7 or 13,you will also be required to take a credit counseling class. These are part of the new bankrupty laws that took effect a few years ago. Talk to a good bk lawyer and they can advise you
  • Nov 15, 2010, 07:44 PM
    Fr_Chuck

    And of course if you get rid of mobile home payments you are also getting rid of the mobile home, you can't keep it and not pay for it.

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