I have a friend, a co-worker of almost thirty years that needs answers that I'm not qualified to offer concerning bankruptcy.
He receives SS and a small union pension each month. Total is around $2,200 each month. $1,134 + $974.
He owes app. $30,000 in credit cards. He has almost no assets, few tools, 1995 pick up truck, clothing, etc.
He hasn't paid on the credit cards for about 8 months. They are a bit excited and want their money now.
If he doesn't file for bankruptcy, can they take his SS or pension?
If he does file for bankruptcy, what can he keep?
I know he only has a week before the new law and because I keep telling him about it, he is starting to worry way too much. Health thing.
Can any of you give me any answers that might help me help him?
Thanks