Disabled parents in their 80's have huge loan

Doucam67

prettyandfluffy said:

This is a very minor item among all the outgoings you have listed so please don't be offended by this suggestion; my MIL has these meals and really enjoys them, Wiltshire farm foods.com  It might help reduce the outgoings a bit if feasible? I know they are nice because I tried them when I organised them for my Grandmother.

I Hope you are able to get everything sorted out satisfactorily.

Thank you, they did have those but stopped them, I'm not sure why, possibly something to do with my Dad's reduced mental capacity.

They do look lovely though, there's been a few times I've thought about trying them 

enthusiasticsaver

I would not go down the bankruptcy route.  Just stop paying the loan.  It is unsecured so lenders have few options to recoup it and it begs the question at their age why they lent that much.  You may get success at having it written off given they need all their income to cover care costs. 

Hovblackctr

They should be able to get reduced council tax for a severe mental impairment for your dad.

The care bill seems quite high if they don’t have savings. Maybe worth checking that they are paying what they should be. Could be worth asking for a reassessment of their contribution amount with the council.

Clive_Woody

Do speak with one of the free debt charities such as StepChange before making any decisions as they will be much better placed to advise on how to manage the loan (probably similar to what has been said here, but they can advise on practical next steps and what to expect and how to handle it).

macman

Has the card debt been entirely cleared by the bank loan? It is unclear, because you said that the card debt was solely your dad's, but then that 'they' took the bank loan.
So, is the remaining debt in joint or single names?