Should I declare bankruptcy?
asked November 18, 2017 by Anonymous
My family is in serious debt. I need to convince my father to go for financial aid, and possibly declare bankruptcy. We don’t own our own home (we rent), we don’t own a motor vehicle, and we only own a very limited amount of furniture (the rest of which belongs to our landlords), all of which is second-hand, with the exception of one of the beds we have.
Would we qualify for bankruptcy given that we have almost nothing to give up in terms of property?
Also, would you have any suggestions for me to convince my father to go for financial counseling?