Comments on: Found out family is in bankruptcy? http://whentofilebankruptcy.org/found-out-family-is-in-bankruptcy Consider All Your Options | Free Tips, Q&A and Online Resources Thu, 29 Dec 2011 01:20:45 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Reena http://whentofilebankruptcy.org/found-out-family-is-in-bankruptcy/comment-page-1#comment-5941 Reena Sun, 16 May 2010 14:50:24 +0000 http://whentofilebankruptcy.org/found-out-family-is-in-bankruptcy#comment-5941 I would not worry about it. Your parents already did the bankruptcy and their financial problems should be solved. As long as they provide for you (and it looks like they do that just fine) you have nothing to worry about. Bankruptcy can mean that all of their outstanding debt has been wiped out by the bankruptcy judge to give your parents a clean slot again or it means that they entered a lesser form of bankruptcy and are making partial payments to pay off some of their debt. Either way.... your parents did not want to bother you with their financial problems. Unless they come to you and explain the situation... don't tell them that you know. It might be that they don't want you to find out because it would worry you. Allow your parents to keep their "Image" and don't pry into their business. I would not worry about it. Your parents already did the bankruptcy and their financial problems should be solved.

As long as they provide for you (and it looks like they do that just fine) you have nothing to worry about.

Bankruptcy can mean that all of their outstanding debt has been wiped out by the bankruptcy judge to give your parents a clean slot again or it means that they entered a lesser form of bankruptcy and are making partial payments to pay off some of their debt.

Either way…. your parents did not want to bother you with their financial problems.

Unless they come to you and explain the situation… don’t tell them that you know. It might be that they don’t want you to find out because it would worry you. Allow your parents to keep their "Image" and don’t pry into their business.

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