Hi all. So the title says it. My 89 year old father has been hiding approximately 60K in debt. He became ill and so we are just now discovering the extent of it. The maddening part is that most of it is penalties, late fees, and interest, not the actual non-payment itself. He owes about 25K to Verizon, about 18K to the power company, a bunch to the town in property tax...My question is: is Chapter 13 bankruptcy the way to go? We don't want him to lose his house. Anyone had any luck negotiating with Verizon to forgive at least the penalties? I would say that about 20K of the 25K he owes is in "penalties" etc, which seems harsh to do to an old man. Dad claims now that he thought that once he died they wouldn't be able to come after us for the debt, but he wants us to have his house and we explained that his estate would be liable and we have no way to pay that amount of money off without selling the house.
Any and all advice appreciated.
Submitted April 20, 2021 at 06:14AM by McSphere https://ift.tt/3ekMfYO
