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Old 06-28-2011, 07:24 PM
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DavidBibby DavidBibby is offline
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Join Date: Jun 2010
Location: Palm Bay, FL
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Default Re: How Can I Help My Mother??

Honestly,

Even at age 68.. she needs to start on Dave Ramsey's plan to get out of debt.

I wouldn't file for bankruptcy with that debt load. It's not an extreme amount of debt.

If she followed the Dave Ramsey program she could be out of debt in 18 months, not counting the house.

all other debts aside... how much is her house payment compared to her income? Is it more than 50%? If so.. I hope the modification helps some, but it might be better to short sale and move somewhere cheaper.

Unfortunately in this situation... she cannot be prideful. If the numbers say to downsize to a smaller place with a smaller payment... that is exactly what she should do.
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