bankruptcy

United States
August 10, 2009 2:19pm CST
Hi, I know no one likes to hear about this, but it is an option. A couple of years ago, my cousin's husband died. He left her with only about 1/2 the money needed to cover expenses after his death. He hauled freight long distances and passed away from home. So she was in the red to the tune of over $100,000. That was just the outstanding bills for fixing the truck and things related to that. Because of the situation - the best option for her was to file for bankruptcy. She needs to watch every penny she earns but at least she doesn't have anything major hanging over her head threatening to collapse. She has a new love in her life and I am thinking that when they get married the bankruptcy may be looked at differently.
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