Variable Annuity Comparison

Hi, my dad past away 3 years ago and my mom never worked, so when he died (he was 46) only had 100k for her and an annuity. She spent all the money on fixing the house, like my dad wanted, and paid off all the debt they had. The annuity brings in $900 and her bills are triple that! She’s financially dumb! She listens to nothing we say. She does have a job now, but only pays 5.50/hr.

She also has 2 vehicles, one leased and one on a loan, fully financed. She has come to the point of them sending the repo papers, but she pays them eventually, she asks for money from family.

Should she file for bankruptcy?
Thanks for all the advice so far….
To answer some of the questions…..

1. she has two vehicles because my sister is in the same situation (spending more than she makes), newlyweds and already having trouble, so my sister has one of the cars!

2. I have bought books for her, but she’ll read maybe 10 pages! She does not want to sit down and see the whole picture, she use to do that with my dad.

3. She owns the home, she paid off a HELOC after my dad died.

4. She has canceled her sat., cell, pest control and is on a basic land line service. All she has is her debt.

5. She’s living off of her CC’s because she uses her $900 to pay the car bills and maybe part of the care insurance. My grandmother gave her $1,000 last month and paid maybe 4 bills, including the cars, and still ended up over drafting $800 because she ate out too.

6. I’ve told her to sell, i’ve even posted an ad in craigslist myself, but she says she can’t sell because she needs a car! So frustraiting.