In an era characterized by the Great Resignation and where journalists have started to call young adults who have never had a paid job “the new unemployables,” people like you are an increasingly rare breed.  You have a salaried job and a retirement account, and you own your house.  You are in your 60s and have no plans to retire, and given how lucrative and emotionally fulfilling your job is, you perfectly fit the profile of AARP-eligible folks who plan to stay in the workforce indefinitely.  You do not, however, fit the stereotype of people who file for bankruptcy, even though federal bankruptcy laws give you the same right to file for bankruptcy protection as people who are genuinely penniless.  Bankruptcy laws do not place any restrictions on the age or income of people who can file.  Chapter 7 bankruptcy, or perhaps even Chapter 13 bankruptcy, is available to you as long as you have debts that you are unable to pay.  If debts are the main reason that you plan to keep working for as long as your health allows, contact an Oakland Chapter 7 bankruptcy lawyer.

Lots of People Love Their Jobs, but Most of Them Also Look Forward to Retirement

When people ask you when you plan to retire, you tell them that you want to continue working indefinitely, even though you are already eligible for Social Security and Medicare.  When they ask you why, you say that it is because your job is so much fun that you cannot imagine yourself doing anything else.  Plenty of other people feel that way, but many of them also retire with no regrets; just think of how many retirees were present at the last professional conference you attended in your field.

The difference between you and them is that if you retired, you would not be able to continue making payments on your debts.  Your peers get to do the fun parts of practicing your profession, like attending professional conferences and mentoring young colleagues, while you are stuck with the rush hour commute and the annual performance reviews.

A Bankruptcy Filing Can Set You Free From the Financial Setbacks That Have Been Following You Around

You are not an extravagant spender; the debts that are making retirement unaffordable for you are debts that arose long ago, like medical bills from a hospitalization several years ago or the financial hit you took when you got divorced last decade.  If you can discharge those debts, more of your income will be yours to keep, and suddenly, retirement will start to seem more affordable.  Since you were planning to stay in the workforce for the next five years, chapter 13 bankruptcy might even be an option for you.

Contact the Law Office of Melanie Tavare About Bankruptcy as a Stepping Stone to Financial Freedom

A debt relief lawyer can help you if discharging your debts would make you consider retirement instead of having to work for the rest of your life just to make payments on your debts.  Contact the Law Office of Melanie Tavare in Oakland, California, or call (510)255-4646 for a case evaluation.