Sometimes Senior Citizens Face the Most Daunting Financial Challenges
Financial Solutions in Beaumont, Corona, Palm Springs and San Bernardino
The promise of the Golden Years has been compromised for millions of retirees. Before the financial crisis, most seniors could rely on a retirement that included manageable debt and financial obligations, financially secure adult kids and stable property values.
Now, many seniors must dip into retirement accounts and credit reserves prior to retirement to help unemployed children, to cover living expenses and to help grandchildren. When caught between a fixed or declining income and rising debt and other financial obligations, a lifetime of savings can quickly evaporate.
Often, seniors rely on credit cards and other forms of unsecured debts to help themselves out of unexpected emergencies like helping their loved ones or paying uncovered medical expenses. By increasing unsecured debt, monthly minimum payment obligations increase, leaving a tight budget even tighter. Call 888-627-8013 today to speak with a professional about the risks of using retirement funds to pay off or pay down increasing unsecured debt.
If you are a senior in the Inland Empire of California and face overwhelming debt, contact the experienced bankruptcy attorneys of Sobti Law Group. An increasing number of seniors are turning to Chapter 7 and Chapter 13 bankruptcy protection because:
- Bankruptcy can lessen debt
- Retirement accounts are exempt in bankruptcy protection, so retirement funds are protected, not exhausted, through bankruptcy
We understand that you likely didn't plan for or foresee bankruptcy in your future. When debt threatens your savings and retirement, though, it makes sense to seek solutions and to protect your retirement now, before money you will perhaps never have a chance to re-earn is gone.
Too often, we have met with seniors who brought harm to themselves and their loved ones by waiting too long to resolve financial challenges through bankruptcy protection. By contacting us now, before your savings are depleted, you can prevent home foreclosure, retain home equity, protect your savings and get a fresh start. For more information, contact us at our Beaumont, Corona, Riverside, San Bernardino, Chino, Orange, Rancho Cucamonga or Palm Springs office.
Contact Us
The Orange consumer bankruptcy lawyers at Sobti Law Group offer free consultations, are available for Saturday appointments by request, and speak English and Spanish as well as Armenian, Russian, Arabic, Persian, Hindi and Punjabi. To contact Sobti Law Group or U.S. Law Center, call 888-627-8013.
