| Author: |
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Anonymous |
| Date: |
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October 19, 1998 |
| Question: |
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My mother is retired and was on a private/public pension. Unable to handle her personal affairs, she granted a general power of attorney to someone who in a short time ran up all her credit cards(many), depleted her private pension leaving her drowning in debt.
In addition,they got her to co-sign a loan for a house for themselves!.What are her options? She lives in Quebec and her total assets now are,QPP,CPP & REGOB(pension for teachers) and a
house/mortgage. We desperately want to get her out of the co-sign agreement/debt. Would bankruptcy help? How will that affect her home/pension?
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From: |
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Bruce Alger, Partner - Collins Barrow Limited |
| Date: |
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October 20, 1998 |
| Answer: |
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From the details you have given me it sounds like you have a legal
issue on your hands. I suggest that you contact Quebec legal counsel
with respect to your situation.
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