My mother has no assets, should she file for bankruptcy?

1 answer | Last updated: Sep 22, 2016
Heather elizabeth asked...

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?


Expert Answers

Barbara Steinberg is the CEO and founder of BLS Eldercare Financial Solutions, which specializes in helping families pay for long-term care for their loved ones. A registered financial gerontologist, she speaks regularly on the topic of paying for long-term care and is a financial expert for Caring.com.

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.