Nebraska_Disney
DIS Veteran
- Joined
- Mar 15, 2009
My father in law just passed away suddenly and unexpectedly. Just today, my wife was talking with her mom and learned their finances are in a shambles and she has never been involved with anything and is lost. She now finds herself a widow, owns her house, and a mountain of debt. At this point, how big that mountain is is not known to me or my wife, but we are guessing it could be $100K. Her house is worth about $180K and she works PT at a fast food place. It is not known yet if my FIL’s pension will continue to my MIL or not. The big question is, how does she deal with the debt? Options, such as bankruptcy? Anyone go through something similar?