Unique Bankruptcy Issues for the Elderly
Many elderly people who have retired live on a fixed income and may struggle with unexpected expenses. In some instances, bankruptcy may be an appropriate solution for debt challenges. However, your particular financial position will determine whether bankruptcy is a necessary or appropriate choice for you.
At the Law Office of Gary D. Greule, we offer a free consultation and case evaluation to answer your questions, explain the bankruptcy process and help you determine if bankruptcy may be right for you. We can help answer your questions:
- Can I keep my home?
- Can I discharge medical bills?
- Can I discharge credit card bills?
- What will happen to my property?
With a Chapter 7 bankruptcy, you can discharge most forms of consumer debt, including medical bills, credit card debt and most other debt. Even if you file for bankruptcy, you may be able to use a bankruptcy exemption to protect your equity in your home.
Pursuant to recent changes in bankruptcy laws, a California homeowner who is disabled, over 65, or 55 and older with a low income may qualify for a $175,000 homestead exemption, meaning you could discharge most consumer debts while protecting up to $175,000 of equity in your home.
Sacramento bankruptcy attorney Gary D. Greule can meet with you personally to answer your questions. Gary has more than 25 years of experience in bankruptcy law. He works closely with each client to provide the personal support and assistance he or she requires.
Schedule Your Free Consultation Today
We are pleased to serve clients throughout the Greater Sacramento area. To schedule a free consultation with bankruptcy lawyer Gary D. Greule, contact our law office in Citrus Heights, California. For assistance, call 916-723-3606 or contact us by e-mail.
