Elderly Mom Destitute With Credit Card Debt

By Erica Sandberg Erica, My mom is 77 years old. She lives in a one-bedroom apartment and has no assets (no car in her name, no IRA, no stocks, no retirement income, absolutely nothing). She lives entirely off her Social Security check each month. However, she managed to rack up about $15,000 on a credit [...]



 Dear Kim: Chapter 7 vs. Chapter 13
What’s the Difference?

Dear Kim, I am very confused, and I was hoping you could help me. I am in a lot of debt and the credit counselor I spoke with suggested that we investigate bankruptcy. I know my sister filed Chapter 7 bankruptcy about 15 years ago, but I know things have changed since then. I also [...]