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retirement Tag

Is Retirement A Factor When Considering Bankruptcy?

When considering bankruptcy, retirement should definitely be taken in account.I meet with quite few potential bankruptcy clients in Dalton, Dallas, Cartersville and Rome, Georgia who reluctantly come to my office and resist the idea of bankruptcy even though economic reality demands it.  The tide usually begins to shift when we start talking about retirement.Sometimes, I ask the question, "How soon do you plan on retiring?"The potential bankruptcy client usually responds, "To be honest, I haven't really thought about it.  I get at least 10 nasty creditor calls a day which stresses me out so bad that all I can think...

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Bankruptcy – Can I Keep Contributing to My 401k After I File?

Whether you file Chapter 13 or Chapter 7 bankruptcy in Georgia, you can keep contributing to your 401k retirement plan after you file.I recently met with some bankruptcy clients in my Rome GA office who were concerned that they would not be able to keep saving for retirement after they filed. These bankruptcy clients are in their early fifties. Understandably, retirement is a major concern for them. Another incentive for them to keep making the 401k contributions is that the husband's employer matches his 401k contributions. As you can imagine, they were extremely relieved when I...

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