Senior Citizens on Fixed Income May Need Bankruptcy Protection
Retired couples know exactly how much money they are going to have on a monthly basis, and they keep themselves on a tight budget to ensure that they live within their means. When expenses arise that were not planned for such as uninsured home repairs and medical bills, it can turn a livable situation into one of severe hardship in an instant.
These can be extremely frightening situations, especially when collection letters and phone calls from creditors demand payment or threaten legal action. Do not panic or make hasty decisions during these times. Help is available. Before you do anything else, talk to a lawyer. Our Monmouth County senior citizen bankruptcy attorney at the law offices of Oliver & Legg represents clients of all ages who are facing financial hardship.
Getting Debt Relief Through Bankruptcy
By filing for bankruptcy, you can regain control of your finances and put an end to any collection activity that is currently happening. We understand how upsetting these situations can be. We will walk you through the entire process and work with you to find the solution that best fulfills your needs. We have helped countless people with Chapter 7 bankruptcy and Chapter 13 bankruptcy filings during our more than 35 years doing business in New Jersey.
Don’t Sell Your Possessions or Cash Out Your Retirement Accounts
Many bill collectors will be so aggressive on the phone that they scare senior citizens into doing whatever is necessary to pay the bill. Sometimes this involves making costly and irreversible decisions, like selling property or cashing out retirement accounts. Don’t do it. Retirement accounts are exempt in bankruptcy and bankruptcy provides solutions that protect these types of assets, allowing you to eliminate the debt without resorting to drastic measures.
Free Consultation With An Ocean County Senior Debt Attorney
With offices in Toms River and Neptune City, our New Jersey bankruptcy lawyer is prepared to help you with any bankruptcy-related matter. Evening and Saturday appointments are available. Call 732-988-1500 or fill out our contact form.