Comments on: I Have Mental Health Issues. How Can I Reduce My Debt? – Mel http://getoutofdebt.org/7202/i-have-mental-health-issues-how-can-i-reduce-my-debt-mel Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Sun, 12 Feb 2012 06:45:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Steve Rhode http://getoutofdebt.org/7202/i-have-mental-health-issues-how-can-i-reduce-my-debt-mel#comment-10777 Steve Rhode Thu, 18 Jun 2009 13:56:26 +0000 http://getoutofdebt.org/?p=7202#comment-10777 Chris, As it stands now your mom is in worse shape to qualify for an apartment with active collections. Due to her mental state and the situation, bankruptcy can be part of the healing process. If you can, help her to understand that bankruptcy in her situation is the application of a remedy to a bad situation and does not make her a bad person. If she feels very strongly about repaying people she owes, there is nothing that prevents her for repaying them after bankruptcy as she can afford to. By removing the stress and emotional trauma of the financial situation it gives her a better chance of dealing with the underlying mental health issues. Think about it like this. If she had a piece of shrapnel sticking out of her leg that was causing an infection, pulling it out would hurt, but that would be the right thing to do by a professional. And by the way, immediately after bankruptcy she might not be able to qualify at a big corporate apartment complex but I can assure you there is always a private landlord or small complex that will give her a chance. I just helped someone with no credit get approved by a complex. They had to pay three months in advance but they got approved. And no credit is worse than bad credit. Please keep me posted. Big hug. Steve Chris,

As it stands now your mom is in worse shape to qualify for an apartment with active collections. Due to her mental state and the situation, bankruptcy can be part of the healing process.

If you can, help her to understand that bankruptcy in her situation is the application of a remedy to a bad situation and does not make her a bad person. If she feels very strongly about repaying people she owes, there is nothing that prevents her for repaying them after bankruptcy as she can afford to.

By removing the stress and emotional trauma of the financial situation it gives her a better chance of dealing with the underlying mental health issues.

Think about it like this. If she had a piece of shrapnel sticking out of her leg that was causing an infection, pulling it out would hurt, but that would be the right thing to do by a professional.

And by the way, immediately after bankruptcy she might not be able to qualify at a big corporate apartment complex but I can assure you there is always a private landlord or small complex that will give her a chance. I just helped someone with no credit get approved by a complex. They had to pay three months in advance but they got approved. And no credit is worse than bad credit.

Please keep me posted.

Big hug.

Steve

]]> By: Chris http://getoutofdebt.org/7202/i-have-mental-health-issues-how-can-i-reduce-my-debt-mel#comment-10752 Chris Thu, 18 Jun 2009 04:54:47 +0000 http://getoutofdebt.org/?p=7202#comment-10752 My mom has struggled with mental illness for many, many years. Since I have only recently become old enough for her to talk about her financial problems, I have no idea how long my mom has been struggling with debt. Over the last two years she has been in and out of hospitals. Because she is unemployed and on disability due to her illness, the only health insurance she has is through Veterans Assistance. She recently had to give up her home to move in with her older sister who can help her maintain her mental health. However, she is constantly hounded by creditors and cannot pay back her mortgage. She has tried doing a short sale and everything, but nothing is working. I think she should file for bankruptcy, but she is worried that she won't be able to qualify for an apartment, should things with her sister change. What should she do? My mom has struggled with mental illness for many, many years. Since I have only recently become old enough for her to talk about her financial problems, I have no idea how long my mom has been struggling with debt. Over the last two years she has been in and out of hospitals. Because she is unemployed and on disability due to her illness, the only health insurance she has is through Veterans Assistance. She recently had to give up her home to move in with her older sister who can help her maintain her mental health. However, she is constantly hounded by creditors and cannot pay back her mortgage. She has tried doing a short sale and everything, but nothing is working. I think she should file for bankruptcy, but she is worried that she won’t be able to qualify for an apartment, should things with her sister change. What should she do?

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