Need info on type of bankruptcy to file
Hi, I am currently looking for information on the type of backruptcy for my mother to file. My Mom is 78 years old and on a fixed income. After my fathers illness and then his death two years ago my mother has been unable to continue payment on credit cards and some hospital bills. Should she file for a chapter 7 or personal bankruptcy? Is there a diofference between the two? It would highly be appreciated if someone could give me a start in the best direction to procede.
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Personal bankruptcy refers to either a Chp 7 or Chp 13. A Chp 7 will wipe out all her credit and medical related debts. A chp 13 would require her to repayment a percentage of her debts. At 78 years old, and on a fixed income, a Chp 7 would probably be the most logical way to go.Originally posted by Dadaist
Does your mother have any assets or own a home?The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.
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