Senior Citizens Facing Mounting Debt Have Options

For most people, the idea of going to work every day and earning a living to pay for the things their family needs and wants is commonplace. After years of working – and saving – getting to retirement age can mean mounting debt. For senior citizens, who have certainly paid their dues and spent decades trying to stay out of debt, not working can have a disastrous impact on their finances.

Bankruptcy and other debt solutions can assist senior citizens who are having trouble paying bills and feel like they are drowning in debt. Often, despite years of paying the mortgage on time, seniors are facing losing their homes to foreclosure when they can’t make the monthly payments. Same goes for cars and other debts; with little money coming in each month, it’s difficult for seniors to keep up with expenses.

Whether you thought you had more savings, your retirement income isn’t what you thought it would be, or even if you are helping your children and grandchildren with their living expenses, feeling like you are out of control financially can take its toll on your physical and emotional health. Further, medical bills are common as we age; the costs of healthcare skyrocket each year and medical debt is one of the biggest reasons why people turn to bankruptcy protection.

Please don’t be embarrassed about your debt. Instead, take action so you can do everything possible to save your home and assets. An experienced Cherry Hill debt solutions lawyer can discuss your options, including Chapter 7 and Chapter 13 bankruptcy as well as alternatives to bankruptcy such as debt negotiation.

You are experienced enough to know that there is a solution for all problems. Debt is no exception. Talk to Joel R. Spivack, Esq. today about your financial challenges. He will advise you about the best solution for you.

We are here to help you.

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We are licensed to practice in New Jersey and Pennsylvania.

Attorney Joel R. Spivack is an experienced bankruptcy and residential real estate transactions lawyer in Cherry Hill, New Jersey. Clients come to us for legal services, but what we really provide is peace of mind. For more than 30 years, Attorney Spivack has helped people make wise, informed decisions about bankruptcy filings, debt relief options and residential real estate transactions.
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