What is the debt from? Is this debt after the separation that she’s now responsible for? Can she really not work at all? Does she receive disability?
Peyton said:
What is the debt from? Is this debt after the separation that she’s now responsible for? Can she really not work at all? Does she receive disability?
I’m not sure about that…after the divorce, it could be -35,000.00. (Once you subtract what she’ll owe your dad). What a mess to inherit
A bankruptcy lawyer would be a great place to start
Looks like your dad is responsible for this spending spree too
Some people don’t get it, 70k in debt doesn’t always mean it was for useless stuff! If your income doesn’t cover monthly bills, the debt adds up quickly. Utilities, food, taxes… life is expensive. High interest rates make it even worse
@Luca
There’s no way to know from what we’ve read here
She should talk to an attorney who knows both bankruptcy and divorce law in her area. All the facts need to be clear to someone who understands how both areas of law work together. Bankruptcy is mainly federal law and handled in federal courts, but divorce is state law and managed in state courts. Without knowing both the facts and laws, it’s hard to give advice beyond saying she needs professional help
Don’t go to a debt counselor; just file for bankruptcy, especially if it’s medical debt. There are even legal aid offices that will help with just the filing fee. An attorney usually charges around 2-3k
If she was a stay-at-home parent, she should get alimony
She might get social security based on his benefits. He will also have to pay alimony. She needs a good divorce lawyer
You need to tell your dad about this debt since they are still legally married. What did she spend the 70k on? She should cut up those cards and contact a debt relief organization. She needs to stick to a strict budget and stop spending
If she has no income, he will have to help her
Does she need to file for bankruptcy? Look into the laws. A consultation shouldn’t cost her anything, especially if she’s considering it. Find a good attorney in your area; it could be a benefit to her
Bankruptcy is a good option if your mom has a large amount of debt. A divorce will help clear the air, but your dad still has a part in this.
It might be best to talk to a lawyer about a divorce. She could also check with local legal services. They often help those in financial trouble without charging a fee.
Your mom can try bankruptcy and talk to an attorney about her options. She’ll need to establish a budget and stick to it. Keeping her debt manageable will help her long-term