For many, the idea of filing for bankruptcy after retirement may sound absurd. The point of retirement is that you save enough money so you won’t have to work after a certain age. But not everyone has the ability to save enough money for retirement, and those that do retire don’t always have enough to last them until they pass on. Add in rising healthcare costs, tax rates, an increased number of parents and grandparents cosigning on loans for college, and the paltry amount guaranteed by social security, and you have the formula for bankruptcy in retirement.
November 27, 2024
The automatic stay is activated when bankruptcy is filed. The automatic stay puts nearly all creditors and debt collection actions on an equal playing field and gives the filer a much-needed break as they work with a bankruptcy attorney on the best solution to their debt problems. However, an automatic stay order is not all powerful. Many types of collections will be temporarily put on hold, but there are exceptions; the timeframe also depends on the type of bankruptcy and the filer’s overall financial situation.
September 5, 2024
Please contact our friendly lawyers to Schedule a Consultation.
See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.
The purpose of a consultation is to determine whether our firm is a good fit for your legal needs. Although we often discuss expected results and costs, our attorneys do not give legal advice unless and until you choose to retain us. Consultations may carry a charge, depending on the facts of the matter and the area of law. The cost of your consultation, if any, is communicated to you by our intake team or the attorney.
I am personally committed to ensuring that each one of our clients receives the highest level of client service from our team. Our mission is to provide excellent legal work in a cost-effective manner while maintaining open lines of communication between our clients and their attorneys. Many of our clients are going through difficult times in their lives when they reach out to us. They should feel comfortable leaning on the experience and knowledge of our attorneys as their counselors and advocates. We are here to help!