Retired? Facing Bankruptcy? Work With An Ally.

Both Chapter 7 bankruptcy and Chapter 13 bankruptcy are options for individuals who are struggling with debt into retirement age. Determining which type of bankruptcy is right for you largely depends on the same aspects as other bankruptcy filings: your level of income, your debts, and what assets need to be liquidated or saved from liquidation.

At the Kentucky Law Office of Ginger C. Cord, PSC., I work with individuals who are filing bankruptcy in retirement and need to make sure that the income they are planning to live off of for years to come is protected. When you contact my office, you will be able to speak directly with the lawyer handling your case.

I can help you understand what steps to take to protect your income and assets while finding the debt relief options you need.

  • If you are on a fixed income: Individuals who are living off a fixed income (Social Security, a pension or Social Security Disability) typically have a low enough income to make them eligible for Chapter 7 bankruptcy.
  • If you have a higher income or need to think about home equity: Chapter 13 bankruptcy is a viable option for individuals who are struggling with debts but still maintain a higher income level than those who qualify for Chapter 7. Chapter 13 can provide options for reorganizing debt payments into plans that are affordable and work with your income level.

Beyond debt relief from medical bills, credit card debts and other unsecured loans, bankruptcy can provide a means to get rid of assets that you have been struggling to sell. For example, if you have been trying to sell your home, but cannot find a buyer, bankruptcy may be an appropriate method for you to liquidate the assets, ridding yourself of the associated financial burdens as well.

Contact Lexington Chapter 7 Debt Elimination Attorney Ginger C. Cord Today

You are not alone: Many retired people in the Lexington area and other areas of Kentucky are also filing bankruptcy. The Law Office of Ginger C. Cord, PSC., can assist you. We offer free consultations with no risk and no obligation. Call 859-963-2073, or schedule your appointment online.

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