My mother has no assets, should she file for bankruptcy?
1 answer
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Last updated: Oct 11, 2011
Q
My mother has no assets,nor receives S.S, She is a retired Illinois teacher and receives pension monthly. She has Dementia from Brain radiation and needs for time care in Asst.living for Dementia. Do I file for a Bankruptcy to free up her monthly pension of 3800.00 to be able to pay for care?
A
Barbara Steinberg is the CEO and founder of BLS Eldercare Financial Solutions, which specializes in helping families pay for long-term care for their...
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A person files for bankruptcy when they cannot repay their debts. Is there a garnishment on your mother's pension that is diverting money to pay off her debts? If this is the case, your mother can file for bankruptcy to discharge the debts and stop the garnishment.
