Comments on: Over 65 and Bankruptcy? http://www.bankruptcy-help-resources.com/over-65-and-bankruptcy/ Quick Answers to Bankruptcy Questions & Understand How Bankruptcy Laws Affect You Thu, 03 Dec 2009 17:06:21 +0000 hourly 1 http://wordpress.org/?v=3.1 By: chslaw http://www.bankruptcy-help-resources.com/over-65-and-bankruptcy/#comment-1051 chslaw Sun, 04 Jan 2009 14:59:03 +0000 http://www.bankruptcy-help-resources.com/over-65-and-bankruptcy/#comment-1051 You haven't provided enough information to get any meaningful advice. Bankruptcy might take care of the credit card debt, but it won't eliminate the property taxes. If the are retired, they might need to go back to work. If they can "barely afford" the house payments, maybe they should sell and move to a more affordable house. Maybe there interest rate is too high. What about there spending habits? Maybe the buy too much on credit and need to have their credit cards taken away. You haven’t provided enough information to get any meaningful advice. Bankruptcy might take care of the credit card debt, but it won’t eliminate the property taxes.

If the are retired, they might need to go back to work. If they can “barely afford” the house payments, maybe they should sell and move to a more affordable house. Maybe there interest rate is too high.

What about there spending habits? Maybe the buy too much on credit and need to have their credit cards taken away.

]]> By: David D http://www.bankruptcy-help-resources.com/over-65-and-bankruptcy/#comment-1050 David D Sat, 03 Jan 2009 23:20:48 +0000 http://www.bankruptcy-help-resources.com/over-65-and-bankruptcy/#comment-1050 There are some useful tips here. There are some useful tips here.

]]> By: dm_dragons http://www.bankruptcy-help-resources.com/over-65-and-bankruptcy/#comment-1049 dm_dragons Thu, 01 Jan 2009 20:23:25 +0000 http://www.bankruptcy-help-resources.com/over-65-and-bankruptcy/#comment-1049 First, take away their credit cards...how in the world did 65 year old adults get in debt in the first place. Ok, let bygones be bygones. The credit card company should be approached and asked if they will make arrangements for reasonable re-payment plan. As for the property tax...it might be a good idea to check into a reverse mortgage...it gives you cash each month and the bank owns the house when they die. That should be enough to pay both debts! First, take away their credit cards…how in the world did 65 year old adults get in debt in the first place.

Ok, let bygones be bygones. The credit card company should be approached and asked if they will make arrangements for reasonable re-payment plan.

As for the property tax…it might be a good idea to check into a reverse mortgage…it gives you cash each month and the bank owns the house when they die. That should be enough to pay both debts!

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