If you are a senior citizen on a fixed income struggling with debt, federal law offers several options to help you.

One option involves filing bankruptcy. This works best if your debt consists primarily of unsecured (credit card, medical bills, personal loan) debt and when you have very little equity in property.

If you are asset rich, but cash poor (i.e., own a house with little or no mortgage), bankruptcy may not work but you can assert your rights under the Fair Debt Collection Practices Act to stop harassing phone calls and letters.

Keep in mind that your Social Security check cannot be garnished, nor can your bank account if the funds in that account come from Social Security.

Under no circumstance should you give a bill collector electronic access to your checking account, nor should you issue postdated checks.

Collection agents rely on your ignorance of the law and fear of threats to intimidate you into making poor choices. If you are faced with debt you cannot pay, call me to educate yourself about how to proceed. #bankruptcy #alternativestobankrupcy #dropdeadletter #debtandfixedincome #parentplusloans
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Jonathan Ginsberg
Atlanta Bankruptcy Attorney
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Telephone: 7703934985
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