Credit counselors and attorneys are seeing an increasing number of seniors filing for bankruptcy and seeking financial help. If you are struggling to pay off your debts, Utah bankruptcy attorneys can help you.
One illness or emergency may be all it takes to put a senior into serious debt. Additionally, many seniors have depleted savings and retirement accounts because of the current financial crisis. Without the help of bankruptcy attorneys Utah seniors may not be able to get by in some situations.
The percentage of households with housing and consumer debt for people in their mid-50s and older, rose almost 10 percent from 53.8 percent to 63 percent from 1992 to 2007. Many older homeowners also have mortgage debt after retirement, and the declining home values are not helping. It is frightening for many seniors that they many not be able to grow old in their home.
Often, seniors are not able to work to start paying off these debts. Many seniors have health problems, are retired, or are unable to get jobs during this tough economic time.
Debt combined with little or no income leads many seniors in the state to visit Utah bankruptcy attorneys to file for bankruptcy to help relieve the mounting pressure of debt.
For more information about how seniors are growing old under debt, visit http://articles.baltimoresun.com/2012-05-27/business/bs-bz-seniors-debt-20120527_1_student-loan-debt-credit-counselors-mortgage-debt. If you are having trouble with your finances, Utah bankruptcy attorneys can help you. Contact attorneys Utah seniors can trust at Shumway Van & Hansen.
Shumway Van & Hansen always offers free consultations and often times can schedule an appointment within 24 hours. For more information please continue to utilize www.shumwayvan.com, call us at (801) 478-8080, or stop by our Salt Lake City office which is located at 8 East Broadway, Suite 550, Salt Lake City, Utah 84111. We look forward to hearing from you soon.