Bankruptcy Can Be The Best Choice For Baby Boomers

After working for years and years, one expects retirement to be an opportunity to relax and enjoy life with his or her family and loved ones. Unfortunately, many individuals of the baby boomer generation are reaching retirement age, but lack the financial means to even get by day to day. They are increasing their credit card debts, finding themselves overwhelmed with medical debt and, in some cases, struggling to keep their homes.

I can help you. I am bankruptcy attorney Ginger C. Cord. I founded by law firm, the Law Office of Ginger C. Cords, PSC., to help clients throughout Kentucky who need assistance filing bankruptcy. Together, we can work to get your finances back on track for your senior years.

Solutions For Baby Boomers: Chapter 7 And Chapter 13 Bankruptcy

When people enter retirement age, they often live off of a fixed income (such as Social Security, a pension or Social Security Disability), but their debts may continue to increase as they need medical attention or have to deal with tax burdens. In some cases, their retirement is at stake.

As a lawyer handling baby boomers and bankruptcy matters, I offer debt relief options through Chapter 7 and Chapter 13 bankruptcy. I can help in cases related to:

  • Protecting homes and assets
  • Protecting retirement accounts
  • Overcoming tax burdens

Many individuals who are hesitant to file bankruptcy feel that way because of the toll it can take on a person's credit score. It is important to note, however, that the level of borrowing that you will possibly make when you are in retirement age is not often the same as for younger individuals. There are still ways to restore your credit after bankruptcy, and, typically bankruptcy is no longer the long-term detriment to your credit score that it used to be.

Discuss Bankruptcy After 50

Your golden years should not be weighed down by the burden of debt. Call our Lexington bankruptcy law firm today at 859-963-2073 to schedule your free consultation to learn more about filing bankruptcy. You can also contact us online.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.