Get Elders Out of Debt

Famous Person:

Today’s famous person who filed bankruptcy is a 1972 Oscar-winning singer/songwriter, who received an Oscar for the theme to Shaft and was the voice of Chef on Southpark.

Question:

Help!  I just realized that my elderly parent has been running up her credit cards buying frivolous items and now she has no money to pay the cards back because she was recently scammed out of the money in her bank account.   What do I do?

Answer:

The first thing would be to get a durable power of attorney in place so you can immediately stop the scams and the excessive charges.

The second thing would be to file bankruptcy to discharge the credit card debt.  Usually, elderly parents are on a fixed income and can therefore qualify for Chapter 7 bankruptcy.

After the case is over, in approximately 90 to 120 days from filing date, the matter is resolved and no creditors can back later to harass or sue the parent.

Remember, you may not have gotten your parent into their financial situation, but you are getting them out of it in the quickest most mutually-beneficial way possible.

Famous Person:

The 1972 Oscar-winning singer/songwriter, who received an Oscar for the theme to Shaft and was the voice of Chef on Southpark, Isaac Hayes.

Yours truly,

Attorney Denise A. True

Your Financial Freedom Fighter