Indiana Bankruptcy Lawyer Seeks Protection for Elders Against Creditors and Scammers

March 19, 2013 11:27 pm Published by

“Their financial decision-making ability usually declines with age,” says Skip Humphrey, new watchdog in the Office For Older Americans at the Consumer Financial Protection Bureau. And, whether my Bankruptcy in Indiana readers resent or resemble that remark, the fact is, as a debt consolidation lawyer offering Indiana bankruptcy help, I see it as a big part of my responsibility to protect older Americans from scamsters.

At all five Zuckerberg bankruptcy law offices, we've been warning clients and blog readers about various types of scams: There are hundreds of variations on Internet-based and mail-based scams.

  • Identity theft scams
  • Jury duty scams
  • Nigerian officials wanting elders to transfer funds
  • Lottery winning scams
  • Early tax refund scams
  • Credit repair scams
  • Foreclosure consultant scams
  • Job search scams
  • Real estate property deed scams

As every good bankruptcy attorney in Indiana knows, these scams share two goals:

  • Getting elderly victims to share confidential financial information (social security numbers, mother’s maiden name, passwords, bank account numbers, etc.), so that they can steal victims’ identities.
  • Using seniors’ bank accounts to “launder” illegal money

After more than twenty six years practicing Indiana bankruptcy law, I have come to realize that most people, prior to filing bankruptcy, suffered an illness (or perhaps someone in the family has been ill or hurt), lost a job, or went through some other catastrophic event. That’s why it truly breaks my heart when scammers and identity thieves push people over the brink, forcing them to file personal bankruptcy in Indiana..

Skip Humphrey is acutely aware of the stakes for seniors. “As bad as it’s been for everyone, when it happens to you at age 70, you don’t have another chance to recover from a financial scam,” he says. “We can’t allow that to happen.” All of us who offer Indiana bankruptcy help agree, but it is happening all the same: According to Sid Kirchheimer of AARP, “scam artists steal a documented $3 billion a year from this population.”  The amazing thing Kirchheimer adds is that just one in 25 victims ever report those crimes!

Remember, both bankruptcy Chapter 7 and Chapter 13 bankruptcy provide safety nets to help people who’ve been overwhelmed by events beyond their control (job loss, prolonged or disabling illness, divorce, natural disasters, and now add being the victim of a scam) get back on their financial feet.


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This post was written by Mark Zuckerberg

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