Bankruptcy Eligibility Criteria
April 1st, 2016 by Questions
What are the criteria for claiming bankruptcy? Have a friend, not entirely literate, so trying to help out. Incurred a lot of debt (40k), owns a house (trailer (40k)), and has zero income now, or in the foreseeable future. Lost his job three years ago, and has been living on credit since then. 59 years old, so job prospects are bleak, at best. Is there any course of action available, to remove his debt, and also allow him to live a while longer?