Hi and thank you for your question. In the future, you can request me to answer any further questions.
They cannot garnish social security
If the quitclaim deed is reasonable, the credit card companies would be unlikely to challenge it if they do go to judgment.
They can sue him though, freeze his bank accounts but that would be about it if they have no assets.
Bankruptcy may be an option. Each state has exemptions to protect assets and in PENN federal exemptions may apply. Talk to a local bankruptcy attorney to review these exemptions, to see if any or all of the home would be covered based on any equity in the home. get an appraisal or market comparable as well, since values have fluctuated so much recently.
Thanks for your question, good luck.
do you have any further questions?
are you there?
If they freeze his bank accts than that means they will be taking his Social Securtiy money. I guess if he sold his house than there is nothing that the credit card companies can do right? I guess I'll just try to make him go see an attorney.
true, if he sells his house they won't be able to do much, just be sure not to put the money in the bank.
The bank account can be frozen, then when the hearing comes up, the court would allow the account to be unfrozen if it was covering the social security in many cases.
if he gets sued, he should switch to a hard check to avoid that issue.
I would look into the ch7 though, it may be the easiest way to discharge the debts, Most cases, assets aren't liquidated either, depending on the equity involved.
most offer free consultations too, so it wouldn't hurt to look into that
any other questions?
i guess not. if you do you can reply and I'll be happy to answer them. Thanks for your question, good luck to you and your father.
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