Bankruptcy and non Bankruptcy Alternatives for Seniors Struggling With Debt

If you are a senior citizen on a fixed income struggling with debt, federal law offers several options to help you.
One option involves filing bankruptcy. This works best if your debt consists primarily of unsecured (credit card, medical bills, personal loan) debt and when you have very little equity in property.
If you are asset rich, but cash poor (i.e., own a house with little or no mortgage), bankruptcy may not work but you can assert your rights under the Fair Debt Collection Practices Act to stop harassing phone calls and letters.
Keep in mind that your Social Security check cannot be garnished, nor can your bank account if the funds in that account come from Social Security.
Under no circumstance should you give a bill collector electronic access to your checking account, nor should you issue post-dated checks.
Collection agents rely on your ignorance of the law and fear of threats to intimidate you into making poor choices. If you are faced with debt you cannot pay, call me to educate yourself about how to proceed. #bankruptcy #alternativestobankrupcy #dropdeadletter #debtandfixedincome #parentplusloans
===========FREE CASE EVALUATION==========
If you would like me to analyze your finances
please contact me at
bit.ly/Contact-Gins
==========================================
===============CONTACT ME=================
Jonathan Ginsberg
Atlanta Bankruptcy Attorney
Website: www.glolaw.com/our-practice-a...
Facebook: / ginsberglaw
Telephone: [phone]
bit.ly/Contact-Gins
===========================================
**Click Below to SUBSCRIBE for More Videos:
ua-cam.com/users/subscription_c...

[@theviperlh]

Thank you this helped..

[@PropTrading]

I am not in GA, so some things are different here, but regardless your info, videos, etc are EXCELLENT!!! Thank you

[@atlantabankruptcy]

You are very welcome.

[@olivertaylor8788]

I will be calling you...

[@HELPSNonprofitLawFirm]

I have seen far too many seniors put into utter poverty when an attorney files a chapter 13. The attorney makes money and the senior needlessly eat mac and cheese forever. Consumer judgment creditors do not go after nonexempt equity in a senior's home. Seniors who have problems with student loans can qualify for income-based repayment and likely pay zero dollars per month. Private student loans cannot touch Social Security or pensions. It should be pointed out that twice the amount of monthly federal benefits including Social Security are automatically protected from garnishment in the account into which it is deposited no matters the actual source of funds in the account at the time of garnishment by federal rules since 2012. Many seniors could consider adding a child or children's name to a home as a joint owner with survivorship rights. At the parent's death, the property passes free from any judgment lien incurred after the child's name was added as a joint owner. Saves probate and protects the equity in the home for the children. We are not talking about gifting a home but simply adding a name as a joint owner.for estate purposes. This would never be challenged by a consumer judgment creditor.