Senior Citizens Filing Bankruptcy

I have filed over 3000 bankruptcy cases. Often I am contacted by elderly couples, overwhelmed by credit card debt and dependent on a fixed income. Of course, all initial consultations are free. Often they are in trouble because they have continued to help their children, who are in their thirties, forties, or fifties. I was born in 1945, so I can relate to issues such as those confronting them.

Bankruptcy is generally the best course of action to resolve credit issues when you are on a fixed income. For seniors, most of their assets are completely protected; for example, a retirement pension/401K or IRA cannot be seized in a bankruptcy. Social security is also untouchable, as is a person's home or a manufactured home located in a park.

After working 40 or more years, it is frustrating to find you cannot pay your bills.

No one wants to file bankruptcy. The concept of bankruptcy has existed for thousands of years and is even mentioned in the Old Testament.

Generally, a chapter 7 bankruptcy immediately after discharge will cause your credit score to rise if you had delinquent debt.

My focus in bankruptcy is to provide relief. For that reason, I offer very competitive rates, with payment plans and free consultations.

If you are burdened with credit card debt, bankruptcy protects your children in that if your home is free and clear, the equity in your home upon your death is available to benefit your children and grandchildren.

IF YOU GET A REVERSE MORTGAGE TO PAY OFF UNSECURED DEBT, YOU WILL NOT BE ABLE TO LEAVE THE FREE AND CLEAR EQUITY IN YOUR HOME TO YOUR HEIRS.

I have been an attorney in Florida since 1969; it will be my honor to help you.