Tuesday, October 10, 2023

Will Filing Bankruptcy in Georgia Have A Negative Effect On My Retirement?

Considering Bankruptcy in Retirement?


Filing bankruptcy in Georgia can be a wise decision that can protect your retirement assets and your family. If you have made careful financial arrangements for your retirement, unexpected problems can arise. The death of your spouse, a serious illness, losses in investments or real estate, reduced pensions, predatory lending, and sometimes simply the rising cost of living can all be reasons to file for bankruptcy. King & King can help.

 

 


 

What Can Bankruptcy Do to Help?

A bankruptcy discharge does not affect your retirement assets. You will not lose your retirement plans, including your 401(k), 529 Plan, Roth IRA, or SEP IRA. Filing for bankruptcy will enact an automatic stay, which will stop creditors from contacting you. It will also put a stop to eviction or foreclosure proceedings and protect your personal property, in addition to giving you greater financial stability to enjoy your retirement.

 

You deserve to enjoy your retirement. The experienced bankruptcy lawyers at King & King can help you understand your options and explain the process of filing for bankruptcy to you. Call us at 404-524-6400 for a free consultation or visit us at www.kingandkingattorneys.com for more information.