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Author: vkg Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308858  
Subject: Re: family/survivor legal responsibilities Date: 1/23/2006 2:03 PM
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Debt is not inherited. It is not your responsibility.

He could declare bankruptcy and make all or most of it go away. Given his age, health, and income he would never have credit again which under the circumstances is an acceptable outcome.

If he has no other assets, his other option is to just stop paying them. Collectors will harrass him for awhile which might be reason enough to declare bankruptcy. They can't attach Medicare/Medicaid benefits and have limited ability to attach Social Security payments.

Debra
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