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If a person runs up debt that can never be paid because they're
unemployable, and creditors can't even call because they don't know which
homeless shelter to call, ... what can be the financial/legal outcome? Is
bankruptcy available for such a person?
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what can be the financial/legal outcome? Is
bankruptcy available for such a person?
As far as I know, bankruptcy is available to any person whose debts are
unpayable--- regardless of her current living situation and regardless of how
hard it is to reach her by phone.
*****
Tim Horrigan <horrigan@aol.com>
*****
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Yes, bankruptcy is available. I have filed (pro se) bankruptcy
for several such people.
--
Brett
*****************************************************************
* Personal Injury/Malpractice Bankruptcy *
* *
* BRETT WEISS, P.C. *
* Attorneys at Law *
* Maryland, D.C. and Federal Bars *
* lawyer@erols.com *
* http://www.erols.com/lawyer *
* *
* Small Business Estates & Estate Planning *
*****************************************************************
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.
*****************************************************************
If a person runs up debt that can never be paid because they're
unemployable, and creditors can't even call because they don't
know which
homeless shelter to call, ... what can be the financial/legal
outcome? Is
bankruptcy available for such a person?
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B wrote:
If a person runs up debt that can never be paid because they're
unemployable, and creditors can't even call because they don't know which
homeless shelter to call, ... what can be the financial/legal outcome? Is
bankruptcy available for such a person?
Yes, but why would she even bother. Sounds like she's judgment proof.
If she's got no assets and no income why does it even matter?
Does she even have the filing fee to file for bankruptcy?
--
Paul Robinson "Above all else... We shall go on..."
"...And continue!"
"If the lessons of history teach us anything it is
that nobody learns the lessons that history teaches us."
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B wrote:
If a person runs up debt that can never be paid because they're
unemployable, and creditors can't even call because they don't know which
homeless shelter to call, ... what can be the financial/legal outcome?
Don't know much about the legal outcome, but as for the financial outcome, it
seems that the creditors are out whatever money is owed
Is bankruptcy available for such a person?
Yeah, but what's the point? What are they going to do, attach her shopping
cart?
--
Theodore A. Kaldis
kaldis@worldnet.att.net
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As a practical, collection matter, it makes no sense.
It may make sense, however, for the person to file to know that
the collectors can never go after her. Peace of mind, IOW.
--
Brett
*****************************************************************
* Personal Injury/Malpractice Bankruptcy *
* *
* BRETT WEISS, P.C. *
* Attorneys at Law *
* Maryland, D.C. and Federal Bars *
* lawyer@erols.com *
* http://www.erols.com/lawyer *
* *
* Small Business Estates & Estate Planning *
*****************************************************************
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.
*****************************************************************
B wrote:
Don't know much about the legal outcome, but as for the
financial outcome, it
seems that the creditors are out whatever money is owed
Yeah, but what's the point? What are they going to do, attach
her shopping
cart?
--
Theodore A. Kaldis
kaldis@worldnet.att.net
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"Brett Weiss" <lawyer@erols.com> wrote in news:yvOdnW__2McSAfqiU-
KYgw@comcast.com:
As a practical, collection matter, it makes no sense.
It may make sense, however, for the person to file to know that
the collectors can never go after her. Peace of mind, IOW.
Not only that, but if she has no assets this is the best time to file. Who
knows, later she may get a job/car/house, and all her debts will be
discharged. Unlikely maybe, but you never know.
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