Creditors of Elders Lie in Wait For the Kids: Why Bankruptcy May Be an Appropriate Choice, Even for the Judgment Proof

By Cathy Moran, Moran Law Group, Mountain View, CA

Is a client’s legacy to their kids an encounter with unpaid creditors?

Debt problems for those over 65 may not be problems for the elder at all. Income and assets are largely protected by law from creditors.

But that doesn’t trouble creditors: they’ll simply wait and get their money from the kids.

Seniors enjoy protection from collection

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