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None of these ailments, in and of themtselves, is sufficient grounds for voiding valid contracts. You REALLY need to consult with an attorney for legal advice on how to proceed with your debt obligations.

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People who are mentally incompetent cannot enter into legally binding contracts. If a document was signed by a person who was mentally incompetent at the time, the document can be set aside by a judge. If the person has been diagnosed with the mental illnesses mentioned above, you should consult with an attorney who can review the situation. You should take with you evidence of the diagnoses, and dates thereof, and any credit contracts that the individual signed after they were diagnosed as well as any bills or overdue notices. Perhaps correspondence from an attorney, if appropriate in this case, could help to resolve the situation. If that doesn't work the attorney can try to negotiate the balance down and arrange a payment plan. If that doesn't work the mental conditions could be used as a defense if the creditor sues for payment.

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Q: What is the process for voiding contracts for car loans credit cards and SallieMae loans because a person is diagnosed with bipolar depression Schizophrenia and psychosis?
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