Is #bankruptcy a good way for seniors to get out of a financial crunch, or will it ultimately cause them more problems? Attorney Eric Olsen explains why seniors facing financial woes should consider other options to #bankruptcy.

Time Stamps
0:00 Introduction to Attorney Eric Olsen and his Bankruptcy experience
1:30 Why do seniors contemplate declaring bankruptcy?
2:32 When is bankruptcy the right move for a senior?
3:51 What other actions can seniors take besides bankruptcy to stop debt collectors?
4:47 Would a credit card company take your home if you don’t pay your bills?
5:19 How does declaring bankruptcy affect your credit?
6:31 Do bankruptcy attorneys always advocate declaring bankruptcy?
7:15 How the HELPS Nonprofit Law Firm can help seniors contemplating bankruptcy
9:34 How to contact the HELPS Nonprofit Law Firm

Attorney Eric Olsen, Founder and Executive Director of the HELPS Nonprofit Law Firm, has vast experience in the world of #bankruptcy. In this video, conducted on Zoom, he explains why #bankruptcy does not help most seniors, and gives alternate routes to explore. Olsen explains how seniors' income and savings are often protected from creditors, including Social Security, pensions, disability and VA benefits. Olsen shows how to use a cease and desist letter to get debt collectors off your back, how declaring bankruptcy can hurt your credit, and how he and the HELPS Nonprofit Law Firm can help seniors considering this drastic step. The HELPS NonProfit Law Firm, based in Salem, Oregon, provides ongoing legal representation for purposes of communicating with debt collectors, serving clients in all 50 U.S. states. Once you retain HELPS, debt collectors can no longer call or send letters. In fact, HELPS can help you even if you don't retain their services.

Jeff Hoyt is SeniorLiving.org’s EditorinChief.

For more on how seniors are protected from many debts and the HELPS Nonprofit Law firm, 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.

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