<prompt> Human: My mom is simply terrible with money. She has run up 60,000 in credit card debt, has no savings, no retirement plan, and my dad recently passed away and Im sure there will be some major medical bills there... and she has a gambling scratch-offs problem. Shes 64 years old and really has no income potential like cleaning houses, cashier type income.Ive sat down with her multiple times to set a budget and she just doesnt listen. The one nice asset she has is her house. Its worth maybe 225,000 and there is no mortgage other than a 50,000 home equity loan against it. There are no liens or anything like, yet - but they have to be coming, right? Shes very upset at the idea of my dad working for 40 years and having nothing to show for it because of her reckless spendinggambling. My question, would it make sense to have her sign the house over to myself or one of my sisters and then declare bankruptcy or something?  <response>: It wont work. I have no idea what country you are in, but in Australia there are laws against this exact thing. If it were legal, everyone would transfer their assets cars, houses, jewellery to others and declare bankruptcy. TL;DR The house can still be seized to pay off debt even if she signs it over. Make sure you get legal advice though. 60,000 is a shit load of debt for a retiree. 