My mother is 52 and already declared back in Feb. 1997. She is now so
far in debt again that she (should) declare again. Her yearly income
isn't anymore than 21K, she has no personal assets, no money in
savings/bonds/stocks, and a minimal amount in her 401K plan. She will
never buy/own a house. Her monthly income doesn't even cover her
credit card & medical bills. She hasn't any house/rental payment or
car payment to worry about either (lives at home w/parents & drives a
junker). I am just so frustrated with her and don't know what the best
path for her to take might be. What will happen if she declares
again...anything? Can she never have any kind of credit card again?
Any help would be appreciated.
First of all, she can file again. Credit card companies will begin sending
her new credit applications as soon as she gets her discharge. The only way
to prevent it would be to have someone appointed her guardian of the
property; something very unlikely if she is otherwise mentally competent.
--
Brett
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The Small Print: This response is for discussion purposes only. It isn't
meant to be legal advice and you shouldn't treat it as such. If you want
legal advice, speak with a local lawyer familiar with your state's laws who
can review *all* of the facts and the law applicable to your situation.
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