Bankruptcy to Thwart Responsibility for Financial Abuse of the Elderly

Aaron, Richard

Journal: Marquette Elder's Advisor

Volume: 9

First Page: 299

Year: 2008

Bluebook Citation: 9 MARQ. ELDER'S ADVISOR 299 (2008)

Author: Richard I. Aaron: all 12 publications


Abstract

In cases of financial abuse of the elderly, bankruptcy action has been pursued to thwart responsibility. This article is a brief map to the terra incognita of bankruptcy and suggests directions to consider and pits to avoid. The specific message is to plan for bankruptcy at the onset, step one. Whatever palliative path is chosen, it circles back to the beginning, alerting the representative of the victim to evasion efforts that might be headed off.

Waiting to react with defensive steps when and if a bankruptcy out is threatened can destroy hopes of recovery.

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