Legal Question in Bankruptcy in California

Grandma's Bankruptcy?

I am a 79 year old Grandmother who has accumulated 50K+ of CC debt over the past 20 years because of medical expenses and loss of job. I receive about $1,000.00 per month in SSI and can no longer afford the CC payments. I don't have any savings or retirement, own a home, car, or anything of substantial value. A Credit Counselor/Consolidator that was referred by one of her Credit Card Company's has advised me to file bankruptcy. Should I file bankruptcy?


Asked on 3/28/07, 11:46 pm

3 Answers from Attorneys
Mark Markus Law Office of Mark J. Markus

Re: Grandma's Bankruptcy?

You are probably judgment-proof, meaning that if you just stop paying your credit cards and do nothing, there's probably nothing the creditors can take from you. The benefit bankruptcy has is that it will stop the creditors from TRYING to "get blood from a stone" and basically bothering you.

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Answered on 3/28/07, 11:54 pm
Chris Johnson Christopher B. Johnson, Attorney at Law

Re: Grandma's Bankruptcy?

I'd agree with Mr. Markus--stopping the creditors' collection attempts would be the main benefit to your filing a bankruptcy. If your assets were to increase later, you'd also be protected.

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Answered on 3/29/07, 12:12 am
Robert F. Cohen Law Office of Robert F. Cohen

Re: Grandma's Bankruptcy?

Not only might you eliminate the harassment by filing BK, but you might even qualify for a waiver of the court's fee of $299 because of your income.

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Answered on 3/29/07, 1:15 am


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