Senior Citizen Bankruptcy – Things I Consider

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“I got through the great depression not owing anyone a dime but now in retirement I am hounded by collectors,” is a complaint I often hear from a senior citizen  contemplating bankruptcy. Since seniors may disproportionally worry about collections, there are two common justifications for senior no-asset bankruptcies but properly counseling a senior about bankruptcy requires special sensitivity. During the initial consultation and before getting to the justifications for a Chapter 7 or Chapter 13 consumer or business bankruptcy, I want ...

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Probate Checklist. Tips for Executors

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When taking care of the estate of a loved one who has passed, a number of agencies may need notification outside of probate. Here is a common list but not all of these will apply to everyone:  1. Social Security Administration; 2. Veteran’s Administration (if the decedent  formerly served in the military); 3. Defense Finance and Accounting Service (military service retiree receiving benefits); 4. Office of Personnel Management (if the decedent is a former federal civil service employee); 5. U.S. Citizen and ...

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