Bankruptcy for Seniors so they can retire with dignity, freedom and peace of mind
Stephen Behrends • November 19, 2020
If debts are making your retirement miserable, bankruptcy may be the responsible way to bring peace of mind and financial security.
I have helped hundreds of seniors live with dignity, peace of mind and freedom from debt. Your income in retirement may be enough to live on comfortably but not to service the credit cards and other debts from the days when you were working. Many people have ended up with extra bills from helping their kids or from medical bills. Sometimes you have to quit work unexpectedly when medical problems come up.
Of course, with the current pandemic and shutdowns, many who were expecting to work for a few more years are finding that their options have changed.
So I have found that for many seniors, bankruptcy can be the path to a peaceful and secure retirement. It is the responsible way to respond when you find yourself with debt that you can't pay. If you start drawing down your retirement faster that you should to service the debt, you may find yourself without enough income to pay your bills and have to rely on help from your children.
Others will defer needed medical procedures, home or vehicle repairs because they can't afford to do what needs to be done while they are trying to keep up with the bills.
No one wants to file bankruptcy but sometimes it is best to acknowledge the reality of your situation and officially get rid of the debts. It is better for you and better for those who depend on you, both financially and emotionally, to face the situation and deal with it in a straightforward and honest way.
Please call to set up an appointment for me to call you and discuss all of your options, both in or out of bankruptcy. I have been helping people just like you for years.
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