I Lost My Job, My Husband Died, and I’m Drowning in Debt

Question: Dear Steve, I am 60 years old, lost my job 1 1/2 yrs ago and subsequently started my own business. I was receiving 1/2 of my ex-husbands military pension, and paying down my debt and remodeling my home. Then the bottom fell out. My house was flooded by a faulty hot water heater and … Read more

Her Husband Died and the Lawyer Threatened to Take the House

“Dear Steve, Friends husband died from cancer and failed to show up at court hearing for collection suit on credit cards. After his death, collection agency(said they were an attorney) threatened to take her house if she didn’t pay off his debt. This debt was incurred before they got married and he carried into the … Read more

We Have an IRS Payment Plan But My Husband Just Died. What Do I Do? – Maggie

“Dear Steve, My husband recently passed away. I know I have to file taxes for him and I since we were married, but my question is do I still have to pay any taxes that we owed from previous years. He was making a payment once a month. Do I have to continue to do … Read more

My Husband Passed Away. Can I File My Taxes as Single Now? – June

“Dear Jim, my husband passed away we always filed jointly..can I file as being single this year? will I have to file his income tax…what is the best root to pursue? June” June: Thanks for your question. First of all, I am sorry for your loss. Your first question: Can I file jointly with my … Read more

Husband Died. No 401K. No Life Insurance. Should I File Bankruptcy? – Patty

“Dear Lewis, i lost mt job in feb 09 did not find work until sept 09. though my husband worked we where not able to make ends meet. we have still been struggling to make ends meet even after i found a job. but in jan 2011 my husband died, no life insurance, no 401 … Read more

My Mother Was Recently Widowed and Lost Half Her Income. – Mo

“Dear Steve, My Mother who is 68 yrs. old was recently widowed. Her and my step-Father were already on a limited income. She gets s/s beniftits of approx $800.00 per mth. Along with a small Retiremet check of $110.00 per mth. She will now loose the $900.00 of my Step-Fathers S/S income. Basically Half of … Read more

My Husband Died and My House Was Destroyed by Hurricane Katrina. – Sandy

“Dear Steve, My husband passed away 4 years ago and the following year hurricane Katrina severely destroyed my house. I FINALLY sold my house May 2008 for peanuts, but had to live off that money due to being unemployed since Feb. 2008. I draw a pension from my late husband which is exempt from any … Read more