Comments on: How Do We Deal With My 78 Year Old Mother and Her Chase Credit Card Debt? – Christi http://getoutofdebt.org/8201/how-do-we-deal-with-my-78-year-old-mother-and-her-chase-credit-card-debt-christi 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. Mon, 13 Feb 2012 01:25:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Steve Rhode http://getoutofdebt.org/8201/how-do-we-deal-with-my-78-year-old-mother-and-her-chase-credit-card-debt-christi#comment-16362 Steve Rhode Tue, 03 Nov 2009 01:45:55 +0000 http://getoutofdebt.org/?p=8201#comment-16362 Christi, We could have a long philosophical conversation about the fairness or life or the happenstance of circumstances. But sometimes the situation just is what it is. Nothing more, nothing less. Your mother needs to go bankrupt and discharge the Chase debt. Here is why. There is no expectation that she has the income or assets to be able to satisfy the debt at this point. Her Social Security income is designed to provide a minimal level of sustenance for her and it is not designed to pay debts which can no longer be afforded. It is also unreasonable that you and your brother should pay the Chase bill for your mother. You have no responsibility to do that and besides, I suspect that in your lifetime you will need to spend at least that amount in caring for your dear sweet mother before she passes away. I'm not trying to be callous or cavalier about the situation. I don't take it lightly that she undertook the debt and made a promise to pay, but that is no longer reality, is it? Sure, she could lay bankruptcy aside and not file, but once she stops making the payments, and she will, she will wind up in collections, with pressure she does not need to be subjected to. Pressure and intimidation will not alter her reality, will it? Please make an appointment with a local bankruptcy attorney you like and go in with your mom and talk this over with the attorney. Your mom will probably be a Chapter 7 bankruptcy, the door will be closed on the debt quickly and forever and then she can just focus on what tomorrow has to offer instead of trying to correct the mistakes of yesterday. Steve Christi,

We could have a long philosophical conversation about the fairness or life or the happenstance of circumstances. But sometimes the situation just is what it is. Nothing more, nothing less.

Your mother needs to go bankrupt and discharge the Chase debt. Here is why.

There is no expectation that she has the income or assets to be able to satisfy the debt at this point. Her Social Security income is designed to provide a minimal level of sustenance for her and it is not designed to pay debts which can no longer be afforded.

It is also unreasonable that you and your brother should pay the Chase bill for your mother. You have no responsibility to do that and besides, I suspect that in your lifetime you will need to spend at least that amount in caring for your dear sweet mother before she passes away.

I’m not trying to be callous or cavalier about the situation. I don’t take it lightly that she undertook the debt and made a promise to pay, but that is no longer reality, is it?

Sure, she could lay bankruptcy aside and not file, but once she stops making the payments, and she will, she will wind up in collections, with pressure she does not need to be subjected to. Pressure and intimidation will not alter her reality, will it?

Please make an appointment with a local bankruptcy attorney you like and go in with your mom and talk this over with the attorney. Your mom will probably be a Chapter 7 bankruptcy, the door will be closed on the debt quickly and forever and then she can just focus on what tomorrow has to offer instead of trying to correct the mistakes of yesterday.

Steve

]]> By: Christi http://getoutofdebt.org/8201/how-do-we-deal-with-my-78-year-old-mother-and-her-chase-credit-card-debt-christi#comment-16361 Christi Tue, 03 Nov 2009 00:39:06 +0000 http://getoutofdebt.org/?p=8201#comment-16361 Steve, How wonderful to see your comments so quickly... THANK YOU! Mom has $3,500.00 in her saving account and that is all. No other assets of any kind. Sadly she lost everything when my father died. She worked years to pay off his debts which is the primary reason she is still in debt now. There are no issues with a bad credit report for her because she is no longer able to drive nor will she have need to make any sort of major purchase. She is on Medicare and in the event that she must be cared for beyond my abilities the expenses would have to be paid for by her monthly social security check and my brother and me. Steve,

How wonderful to see your comments so quickly… THANK YOU!

Mom has $3,500.00 in her saving account and that is all. No other assets of any kind. Sadly she lost everything when my father died. She worked years to pay off his debts which is the primary reason she is still in debt now. There are no issues with a bad credit report for her because she is no longer able to drive nor will she have need to make any sort of major purchase.

She is on Medicare and in the event that she must be cared for beyond my abilities the expenses would have to be paid for by her monthly social security check and my brother and me.

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