Page 12 - Senior Times South Central Michigan September 2020 - 27-09
P. 12

Page 12
Senior Times - September 2020
Ask the
     A MEDICARE RATED FIVE STAR FACILITY!
ATTORNEY
 FOR A VIRTUAL TOUR VIST www.laurelsobedford.com
  Michael Walling, Special to Senior Times DEBT & BANKRUPTCY
QUESTION: My wife and I are in trouble with our bills. We are over our head in credit card debt. We are not able to get some of our prescrip- tions because we have to pay our credit card payments. If we stop pay- ing the credit cards what can they do? We are retired and have social security and I have a pension.
                                        ANSWER: I know how stressful that can be. I have had clients say they haven’t slept in months worrying about paying bills. What can the credit card companies do? The credit card compa- nies will turn you over to collections first. They will call you non-stop for about six months. They may try to offer a lesser amount to settle the debt. That sounds good but they will want
stopped being a dirty word when credit card companies made it much too easy to get credit and designed the card so almost all of your minimum payment went to interest. It’s perfect for the credit card companies. Not perfect for you though.
                                           Co-Owners:
We can meet your home care needs!
 Aide & Companion Service
 Medication Set-Up Supervision  Housekeeping
 Transportation
 Nursing Services
 Dementia Capable Trained Staff
 All Employees Screened & Bonded
Thomas J. Unger, ACSW Patricia D. Slayton, RN, MSN
5350 Beckley Rd, Suite D
 (Side door of Southern Michigan Bank & Trust)
269-883-6002 www.homecaretransitions.net
60+ Years of Qualified Experience
    a lump-sum payment. So let’s say you owed $10,000 and they offer $5,000 to pay it off in full. You still have to come up with $5,000 in 30 days! If you had that kind of money you wouldn’t have money problems, right?!
I would contact an attorney that han- dles Bankruptcy and see if that is an option for you. Then you can eliminate the debt, sleep at night, and get a fresh start.
They will eventually sue you and get a judgment. They cannot garnish your Social Security but they may be able to garnish your pension. They can also get your tax returns. If you own a home, they can put a lien on it. If you have cars that are paid off, they can go after those too. They have a legal right to get paid.
Michael B. Walling is an Elder
Law attorney with an advance Master of Laws degree. He manages the
Elder Law Center and the law firm of Michael B. Walling, PLC. Mr. Walling is also a part-time Professor at Western Michigan University. Please email any questions you would like addressed to: info@wallingplc.com. This column is intended for general information pur- poses only and should not be consid- ered as legal advice to any particular person.
So far, I haven’t given you any good news. But wait! You may have an option that is provided by the Federal Government. It is called Bankruptcy. It’s not a dirty word anymore. It
   MICHAEL B. WALLING
Elder Law Attorney
Author of "Ask the Attorney"
   WE THINK THE STAFF AT EVERGREEN ARE...
HEROES OF HEALTH CARE
 FEATURING:
 • Rehab to Home
• Physical, Occupational and Speech Therapy Services
• Long-Term Skilled Nursing
• Respite Care
• Private Rooms Available
• Admissions 24 Hours a Day, 7 Days a week
• Cable and Wi-Fi
                             111 EVERGREEN ROAD, SPRINGFIELD, MI 49037
269-969-6110 | www.evergreenscc.com
 MICHAEL B. WALLING, PLC
Wills • Trusts • Powers of Attorney
Lady Bird Deeds • Nursing Home Planning
Don't Lose Everything You Have To the Nursing Home
I can help you save up to 100% of your assets.
Michael B. Walling, J.D., LL.M.
Let me help you properly draft and fund a trust before you or your spouse enter a nursing home; it could save you over $50,000!
   Call for a free
initial consultation*.
*Except Asset Protection Planning
(269) 968-1101
Offices in Battle Creek & Kalamazoo
www.wallinglawoffice.com
Helping Seniors for more than two decades.
★★★★★
 We Provide Top
 Quality Nursing
Care & Therapy!
 SERVICES WE PROVIDE
• Skilled Nursing Care • Respite Care
• Palliative Care
• Wound Care
• Short-Term Rehab
• Outpatient Rehab
• Stroke Rehab
• Joint Replacement Rehab
  (269) 968-2296 • www.laurelsofbedford.com
270 NORTH BEDFORD ROAD • BATTLE CREEK, MI 49037


























   10   11   12   13   14