The US has millions of struggling seniors who could do better if they knew certain financial realities. Attorney Eric Olsen, Executive Director of the HELPS NonProfit Law Firm, knows the law and how it can protect seniors struggling with debt and low incomes, and wants to share his knowledge with those who could benefit the most from it.

Time Stamps
0:00 The 5 Things every Senior in Debt Should Know
1:02 Introduction to HELPS Nonprofit Law Firm and Attorney Eric Olsen
1:21 How many seniors are struggling financially?
1:47 Your retirement income is protected from garnishment, so you don’t need to pay bills instead of paying rent, buying food, and other necessities
3:30 Is there a limit to how much of a senior’s bank account is protected?
5:08 Some of a senior’s working income is protected from being garnished
5:33 Why seniors don’t know their bank accounts and income are protected
6:40 How to be protected from debt collectors harassing you
8:40 Where to find a free “cease and desist” letter
9:42 Why many seniors are judgementproof
11:18 Struggling seniors need to understand their secured debt, like an auto loan, and what their rights are
13:18 Seniors have alternatives to transportation than owning a car
13:33 What seniors can do if you can’t afford your home
14:15 Creditors won’t take your personal property
15:27 Seniors need to take advantage of the benefits they enjoy that younger people don’t
15:55 Many states have laws that give seniors breaks on property taxes
16:45 Many veterans are entitled to a pension but don’t know it
17:18 How to avoid paying income taxes and student loans
19:36 Seniors should stop paying for services that they don’t need
21:43 How to contact the HELPS Nonprofit Law Firm for free legal help

Businesses and their debt collectors don't want struggling seniors to know how your income, bank accounts, and personal property are protected by federal and state laws. For example, did you know that most forms of retirement income, including Social Security, are protected from garnishment? Eric Olsen wants seniors to know their rights. In this video, Attorney Eric Olsen lists the five most important things that financially struggling seniors need to know, but don't. The former bankruptcy attorney explains how struggling seniors are protected from lawsuits, garnishments and debt collectors, and how his nonprofit law firm could help you even further.

Jeff Hoyt is SeniorLiving.org’s EditorinChief.

For more on why seniors shouldn't worry about old debts, watch    • Why Seniors Shouldn't Worry about Old...  

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To contact the HELPS Nonprofit Law Firm, call 18554357787 or visit helpsishere.org.