Many seniors without means are threatened over #debts they may not have the ability to pay. If you’re in #debt as a senior, the law protects you in many ways that you may not know. Hear Attorney Eric Olsen, Executive Director of the HELPS Non-profit Law Firm, explain why seniors should not worry about a lawsuit or judgement for #debt.
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0:00 Introduction to Attorney Eric Olsen and the HELPS Nonprofit Law Firm
1:10 Reasons seniors struggling with debt is a major problem today
2:36 What is the debt collections process?
3:49 Debt collectors will do and say anything to collect a debt
5:27 How seniors are protected from debt lawsuits and judgements
6:08 Social Security benefits, pensions and VA benefits are protected by federal law
6:40 How federal law protects seniors’ bank accounts
8:06 Why seniors should have only one bank account
8:56 Seniors don’t have to appear in court if sued unless it’s contested
11:14 Generally, seniors’ property is not seized to pay a judgement
14:33 How HELPS Nonprofit Law Firm helps seniors
17:10 How to contact the HELPS Nonprofit Law Firm
Attorney Eric Olsen is the Executive Director of the HELPS Nonprofit Law Firm, which helps seniors struggling with #debt. The former bankruptcy attorney explains the many reasons that seniors struggling with debt is a major problem today, with many seniors too close to the poverty line. The lawyer walks viewers through the debt collections process, explaining that debt collectors will do and say anything to collect a debt. They certainly won’t inform you of your rights as Eric Olsen will!
The attorney explains how laws help protect seniors from debt lawsuits and judgements, including how Social Security benefits, pensions, VA benefits, and bank accounts are protected by federal law. He also reveals that seniors don’t have to appear in court if sued unless they want to contest it. And he also reassures seniors that their property is not generally, seized to pay a judgement.
Finally, you’ll learn how to contact the HELPS Nonprofit Law Firm if you want their help.
Jeff Hoyt is SeniorLiving.org’s Editor-in-Chief.
For why seniors don’t have to worry about old debts, watch https://youtu.be/FDlyud-vG90
To learn how seniors can avoid paying taxes legally, watch https://www.youtube.com/watch?v=xv7Om8SAIAM
To watch Attorney Eric Olsen explain why seniors don’t have to worry about student loans, check out https://www.youtube.com/watch?v=PE4a7oaxc1E
To learn when seniors should consider Bankruptcy, watch https://www.youtube.com/watch?v=Iu0fy8JujGo
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To contact the HELPS Nonprofit Law Firm, call 1-855-435-7787 or visit helpsishere.org.