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FiveStarLaw
FiveStarLaw, Attorney
Category: Bankruptcy Law
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Experience:  Bankruptcy Lawyer. Experienced.
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Hi. You just answered my banktruptcy law question for my parents.

Resolved Question:

Hi. You just answered my banktruptcy law question for my parents. You mentioned that my parents are "judgement proof" since their funds are spending down and they will be on Medicaid shortly. Given the legal exposure they have now with their underground oil tank, would hiring a bankruptcy lawyer and filing a petition help with those potential lawsuits as well as the pending creditor lawsuits? This will also eliminate our headache of sending out judgement proof letters?
Submitted: 4 years ago.
Category: Bankruptcy Law
Expert:  FiveStarLaw replied 4 years ago.
Hello,


Thank you for your new question.

You are not required to send a judgment proof letters. You are not required to take any action. Your parents are in an assisted living facility and have no assets. A lawsuit against your parents would not need to be defended since they have no assets that can be collected against. However your parents may file a chapter 7 bankruptcy and have their liability discharged. This will require that they attend a court hearing

FiveStarLaw, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36462
Experience: Bankruptcy Lawyer. Experienced.
FiveStarLaw and 4 other Bankruptcy Law Specialists are ready to help you

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