Advice on Independent Living for Seniors
There is a sizeable population of senior adults who live alone, and there are a number of vulnerabilities they are exposed to as a result. These adults are sometimes called "solo seniors" or "elder orphans." While independent living can be challenging for seniors, some laws and resources provide valuable protection.
Many seniors struggle to manage their finances, especially if they're struggling with debt. Thankfully, Section 207 of the Social Security Act prevents Social Security benefits from being garnished by debt collectors.
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Other forms of senior income, such as Veteran's Benefits and disability income, are also protected.
In addition, many seniors are considered to be judgment-proof. This means that a creditor with a judgment against them can't claim their ...