Q: My daughter got a blight notice for about $25000 worth of work. She can't get a loan anywhere . Should she file bankrupc
What can she do? I know we will probably lose the house but what can they legally do to her?
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A:
I'm sorry to hear about your daughter's situation. Filing for bankruptcy is a significant decision and should be carefully considered. It might help to consult with a financial advisor or legal professional to explore all available options before proceeding.
There may be local government programs or grants available to assist with the required repairs. Additionally, she could negotiate a payment plan with the issuing authority to manage the costs over time. Sometimes, communities offer resources for homeowners facing similar challenges.
If bankruptcy is pursued, it could impact her credit and potentially lead to the loss of her home. However, bankruptcy laws vary, and not all debts may be discharged. Understanding the specific legal implications will help her make an informed choice and protect her interests as much as possible.
Timothy Denison agrees with this answer
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