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Debt payment. Are there any guidelines on who gets paid or who gets paid first?

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  • Debt payment. Are there any guidelines on who gets paid or who gets paid first?

    Our daughter, who is in jail charged with 1st degree murder, has a lot of debts and little money and of course no job. My wife and I are making a list of debtors with the idea of using the money she has left to pay some of her debts. Are there any guidelines on who gets paid or who gets paid first or should we just forget it? We have a Power of Attorney.

    Thank you!

  • #2
    re: Debt payment. Are there any guidelines on who gets paid or who gets paid first?

    Sorry, Should have said list of lenders instead of debtors.

    Comment


    • #3
      re: Debt payment. Are there any guidelines on who gets paid or who gets paid first?

      It might be wise to file for bankruptcy and use the money she has for her legal defense.

      If you choose not to go that route, your POA could be used in paying off her debtors to the best of her ability. But before you do anything, make an appointment with an attorney in your area and go over what you can legally authorize and what you cannot. Her POA may not be all inclusive and may only be durable for certain responsibilities under it.

      Good luck to you.

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