Bankruptcy at age 68, receiving alomony
February 7th, 2009 by Questions
My mother in law is 68 and has never worked. She receives alimony from her ex husband of 35 years…he is now retiring and her amount will decrease. She has $35,000 in credit card debt, and about $10,000 in taxes, lives in an apartment but has $150,000 in some sort of locked investment she recieved at the time of the divorce. She does not get CPP. She cannot afford her monthly debt payments. Can she declare bankrupty with the $150,000?
Posted from: Quebec