Debt Adviser ; Team of Pros Can Fix Mom's Money Woes

Summary


Dear Debt Adviser,

Would my 82-year-old mother be better off filing Chapter 13 bankruptcy for $60,000 in credit-card debt or doing a reverse mortgage to pay it off?

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Extract


Debt Adviser ; Team of Pros Can Fix Mom's Money Woes

She already has a home equity line for $60,000 that she used to pay down previous debt. If she declares bankruptcy, can she later do a reverse mortgage if she ca...

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