My would-be mother in law passed away 10 days ago. Her husband was highly dependent and is hardly able to feed himself, let alone fend for himself in the real world without her constant care and support. He is certainly unable to deal with his finances or pay off the debt the couple so exuberantly accumulated over the years.
His three children are clamoring to get a grip on his financial situation and they're in over their heads in my opinion. Could this debt land on his kids while he is still alive or if he passed away? Given that his primary source of income will be social security and he really shouldn't borrow money ever again, is there any reason he should not file bankruptcy? The eldest daughter is set on taking care of all this her self and it worries me.