I live in xxx, TX. I moved my parents, xx, to xxx, TX last May. My father passed away on 5/3/2015. I have researched all of my mother’s remaining debt. My father’s social security has stopped arriving. I am still working on resolving if there is any monies coming from them but have no resolution. They called my mother and said she had her xxx retirement and her own SS so she made too much money and would receive none for my father’s SS . My mother is living on half what they were recieving, together. Her income is $1,500/mth, and her expenses for mortgage and bills in $2,000/mth and that does not include doctor’s bills, food or medications.
The only assets they have is an car and the house they xxx, xx, TX xxx.
Her monthly bills are $913.80 for loans and credit cards (7) with a total due of $32,512.83.
Her VA mortgage and bills (xxxx) are $1,023.45/mth with a total of $87,816.00
Her total debt is $120,328.83.
My brother and I are covering her lack of income in the interim but I am recently divorced (5/6/2015) and will not be able to assist for much longer. I am seeking some guidance in what my options are to take care of my mother. I do have signed affidavits/poa
’s from both of my parents to make medical and financial decisions for them.
Is personal bankruptcy and option for my mother? Are there any other options? Any guidance/options would be greatly appreciated.