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Our Miami bankruptcy lawyers assist older clients
The Miami bankruptcy lawyers sponsored by Legal Helpers have the broad scope of experience needed to serve older clients. What these Miami bankruptcy lawyers understand is that the number of people over 65 who file has tripled in the past 10 years. And, the needs of these clients are often far more complex and critical than those of a younger age bracket.
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The Legal Helpers Miami bankruptcy lawyers take the steps necessary to protect their older clients. One reason that older adults need to file is that retirement can cause not only a decrease in income but also an increase in expenses such as health care and housing. Our Miami bankruptcy lawyers know that social security is the main source of income for the average older Chapter 7 debtor. As prominent bankruptcy lawyers they also know how to effectively serve the needs of those who are trying to live on a very limited income.
For older people filing Chapter 7 bankruptcy, credit card debt is the most common type of debt discharged
The immediate benefits of filing bankruptcy for many older people are unmistakable with Miami bankruptcy lawyers. However, there can also be long-term rewards. A Newsweek article reported that many mature adults have turned to Miami bankruptcy lawyers in situations where paying creditors made it impossible for them to also set aside contributions to their retirement plans.
Many seniors have run up credit card debt because they use their cards to pay for medical supplies, prescriptions and other health care expenses such as physician co-payments. They charge these expenses because they do not have the cash needed to handle these payments. This high level of continuing debt is further exacerbated by the deregulation of usury laws in many states, which permits creditors to charge higher and higher interest rates. Soon, many retirees are unable to keep up with the interest compounding on the balances charged. This quickly makes filing the only reasonable option.
Many people begin retirement with a large level of unpaid debt
Individuals approaching retirement must take active steps to set aside the funds needed to comfortably retire. Many, however, fail to reduce their existing level of debt before experiencing the reduced level of income that is common with retirement. To succeed you must plan and act on all fronts. Some people who felt that they had carefully planned for their retirement have found the recent fall in stock values to be devastating. They are suddenly worth far less than what they had planned.
Miami bankruptcy lawyers from Legal Helpers provide high quality legal representation at a fraction of the cost charged by other firms. The fees we charge are commensurate with the work performed and since Legal Helpers has combined the highest levels of technology along with the experience of our attorneys, we are able to pass the cost savings on to you. In addition, when you call on Miami bankruptcy lawyers from Legal Helpers, our staff can provide you with a range of fair fees right over the phone. When you can no longer pay your debts, turn to Miami bankruptcy lawyers from Legal Helpers. Miami bankruptcy lawyers are concerned not only with your current financial situation, but what your future one will be. Our Miami bankruptcy lawyers are looking out for your best interest.
Use our free legal evaluator to see if you should contact Legal Helpers