Frequently Asked Question

May senior citizens file for bankruptcy?

There is no age limit on the protections offered by the bankruptcy code, and seniors are seeking relief under the Bankruptcy Code more and more. In some ways, it is easier for seniors to discharge debt under Chapter 7 than younger people, because their social security income does not count towards the bankruptcy means test. Bankruptcy can protect a senior’s assets, such as a home or pension. Bankruptcy is not always the best solution for seniors, but it is an option that seniors having debt problems should discuss with a bankruptcy attorney. We offer discounts for seniors. >>More

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