I know one lawyer who counsels seniors who have credit card debt to not even file for bankruptcy. He says they have such limited assets and you can't garnish SS or other special payments so there is no way for their creditors to get anything out of taking them to court.
Don't know if he was pulling my leg, but I suspect not.
ebof OH4:32PM November 22, 2010
To start training old folks on the nuances of robbing banks and sticking up liquor stores.
That seems to be the GOP plan for retiring America.
Realistof NV3:29PM November 18, 2010
It is a pretty sad state of affairs. Even more so since the elderly typically are very frugal about what they spend their money on, not frivolous by any means but just trying to get by. And outside of help from family members, what options do retired folks really have? That is why it is so critically important to be planning and saving and preparing for retirement long before you cross the threshold, while you are young enough and with enough options to address shortfalls ahead of time.
LoveBeingRetiredof CA11:47AM November 18, 2010
You guys should stop complaining because, one the health care we have now isnt as good as it was supposed to be. also the law has just been signed so give it some time. so if u want to say u have the right to choose tell that to ur congress men or state official. If you do not have insurance and need one You can find full medical coverage at the lowest price check http://ow.ly/3akSX .If you have health insurance and do not care about cost just be happy about it and trust me you are not going to loose anything!
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eb of OH 4:32PM November 22, 2010
Realist of NV 3:29PM November 18, 2010
LoveBeingRetired of CA 11:47AM November 18, 2010
claudiahoe of CA 5:35AM November 18, 2010