{"id":10187,"date":"2019-05-21T20:59:09","date_gmt":"2019-05-21T20:59:09","guid":{"rendered":"https:\/\/nybankruptcy.net\/main\/?p=10187"},"modified":"2019-05-21T20:59:16","modified_gmt":"2019-05-21T20:59:16","slug":"how-does-debt-and-bankruptcy-affect-senior-citizens-2","status":"publish","type":"post","link":"https:\/\/nybankruptcy.net\/main\/how-does-debt-and-bankruptcy-affect-senior-citizens-2\/","title":{"rendered":"How does debt and bankruptcy affect senior citizens?"},"content":{"rendered":"

\"\"<\/a>Elderly Americans are frequently victims of debt problems and need to file bankruptcy.\u00a0 Especially those on fixed incomes.\u00a0 However, many senior citizens don’t realize that they also have certain advantages afforded to them under the bankruptcy laws.<\/p>\n

For example, retirement accounts and social security income are almost always protected from creditors. And many senior citizens are “judgment proof<\/a>,” which means that even if a creditor takes legal action and sues such a person, they won’t be able to recover anything because there aren’t enough assets and\/or the assets that do exist are protected by the bankruptcy laws.<\/p>\n

A problem for many senior citizens is that they feel obligated to make the minimum monthly payments on their credit cards, even though it may take years and years to pay off the debt — and even at the expense of cuts to what they spend on basics like food and healthcare.\u00a0 What they may not realize is that filing for bankruptcy no longer has the same stigma it used to have.\u00a0 And that the bankruptcy laws are in place specifically to help people in their situation so that they don’t have to live in an inescapable “debtor’s prison.”<\/p>\n

If you’re facing financial struggles and are considering filing for bankruptcy in New York, please feel free to contact me<\/a> for a free initial consultation.\u00a0 I’ll help you understand your options and how to best protect your assets and get the full benefit of the bankruptcy laws available to you.<\/p>\n

Contact Bruce Weiner, Esq.<\/h2>\n

EMAIL Bruce Weiner<\/a><\/strong>
\nPhone<\/strong>
\n(718) 855-6840 (Local)
\n(866) 402-8476 (Toll Free)
\nFax<\/strong> (718) 625-1966<\/p>\n

Go to\u00a0fair debt collection practices act<\/a><\/em>\u00a0t<\/em>o learn more about Rosenberg Musso & Weiner LLP<\/strong><\/a> and\/or to set up a free consultation.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Elderly Americans are frequently victims of debt problems and need to file bankruptcy.\u00a0 Especially those on fixed incomes.\u00a0 However, many senior citizens don’t realize that they also have certain advantages afforded to them under the bankruptcy laws. For example, retirement accounts and social security income are almost always protected from creditors. And many senior citizens …<\/p>\n

How does debt and bankruptcy affect senior citizens?<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[16,5,31,7],"tags":[2,63,21,3,109,110,51,52],"acf":[],"yoast_head":"\nHow does debt and bankruptcy affect senior citizens? | Bankruptcy Lawyer<\/title>\n<meta name=\"description\" content=\"Elderly Americans are frequently victims of debt problems and need to file bankruptcy.\u00a0 Especially those on fixed incomes.\u00a0 However, many senior citizens\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nybankruptcy.net\/main\/how-does-debt-and-bankruptcy-affect-senior-citizens-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How does debt and bankruptcy affect senior citizens? | Bankruptcy Lawyer\" \/>\n<meta property=\"og:description\" content=\"Elderly Americans are frequently victims of debt problems and need to file bankruptcy.\u00a0 Especially those on fixed incomes.\u00a0 However, many senior citizens\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nybankruptcy.net\/main\/how-does-debt-and-bankruptcy-affect-senior-citizens-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Bankruptcy Attorney in Brooklyn, New York | Rosenberg Musso Weiner\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-21T20:59:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-21T20:59:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nybankruptcy.net\/main\/wp-content\/uploads\/2009\/12\/elderly-credit-cards.jpg\" \/>\n<meta name=\"author\" content=\"Maggie Paley\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maggie Paley\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/how-does-debt-and-bankruptcy-affect-senior-citizens-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/how-does-debt-and-bankruptcy-affect-senior-citizens-2\/\"},\"author\":{\"name\":\"Maggie Paley\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/#\/schema\/person\/b39cce1b899649fc2a1f7e0067343432\"},\"headline\":\"How does debt and bankruptcy affect senior citizens?\",\"datePublished\":\"2019-05-21T20:59:09+00:00\",\"dateModified\":\"2019-05-21T20:59:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/how-does-debt-and-bankruptcy-affect-senior-citizens-2\/\"},\"wordCount\":295,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nybankruptcy.net\/main\/#organization\"},\"keywords\":[\"Bankruptcy\",\"Bankruptcy Myths\",\"Brooklyn Bankruptcy\",\"Credit card debt\",\"Elderly\",\"Judgment proof\",\"New York Bankruptcy\",\"New York Bankruptcy Lawyer\"],\"articleSection\":[\"Bankruptcy\",\"Credit cards\",\"Creditors\",\"Debt\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nybankruptcy.net\/main\/how-does-debt-and-bankruptcy-affect-senior-citizens-2\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nybankruptcy.net\/main\/how-does-debt-and-bankruptcy-affect-senior-citizens-2\/\",\"url\":\"https:\/\/nybankruptcy.net\/main\/how-does-debt-and-bankruptcy-affect-senior-citizens-2\/\",\"name\":\"How does debt and bankruptcy affect senior citizens? 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