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Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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Where do I begin. Well, my elderly parents are currently living

Resolved Question:

Where do I begin. Well, my elderly parents are currently living in an assisted living facility. They have $80K plus in credit care debt. There house is facing foreclosure. There is an underground oil tank on the property that my siblings and I just found out is leaking and has potentially contaminated the soil on their property and their neighbors. My parents have minimal funds left after which they will be on Medicaid. Are my siblings and I liable for any of these debts (e.g. credit cards, mortgage, lawsuits from oil tank contamination)? When should they file a bankruptcy petition before or after going on Medicaid?
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 7 years ago.

I am the JustAnswer expert that will be helping you today. I am a lawyer with 25 years experience. Although I am not your attorney, I hope that I can give you helpful legal information.

Generally speaking, a child will not be liable for his parent's debt unless he cosigned the debt. Consider taking no action. There does not appear to be any benefit for your parents in filing a bankruptcy as they appear to be judgment proof

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