I am concerned about her getting credit afterwards. Am also wondering if or how much I should help financially to try to bail her out? Do creditors care if bankrupcty was due to medical concerns? Does it matter to the court? If she does this, I could help her after..or is it best to help her before? I can't do both.
Answer:
Once she declares bankruptcy and if it gets approved by the courts, than there will be no creditors!
Now, if you mean do future lenders care, the answer is no! However that's not a bad thing. Most companies are more than willing to give loans to someone who has declared bankruptcy because they know the person can not declare another one for 10 years.
Plenty of good advice here.
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