Can I Still Provide Financial Assistance to Elderly Relatives if I File Chapter 7 or Chapter 13 Bankruptcy?

Financial assistance provided on a regular, monthly basis to elderly or dependent family-members outside of your immediate household is an expense that Congress allowed in the drafting of the US Bankruptcy Code. Thus, if it has been your habit to send a few dollars to your grandmother every month to help her with her prescription costs, this is generally not a problem in either Chapter 7 or Chapter 13 bankruptcy—but there are caveats.

Click here to read more about financial assistance to elderly relatives in bankruptcy on the new Michigan Bankruptcy Blog of Michigan bankruptcy attorneys The Hilla Law Firm, PLLC.

If you are a southeast Michigan resident and are considering filing for bankruptcy, please feel free to contact me at (866) 674-2317 or to schedule a free, initial consultation.

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