If you have only a few basic assets and a limited income, it may not be necessary for you to protect yourself from your creditors. There are situations in which the creditors are simply not able to seize the assets you own or garnishee the income you receive. See which Assets are exempt from seizure.

While this debt option will not relieve you from the often relentless calls from collection agents and damage to your credit rating, it may be all that is necessary if you do not expect your situation to ever improve.

Many retirees and disabled persons find themselves in a position where they are “creditor proof”, meaning that creditors have little or no recourse against them. If you are in this position and can use the call blocking option on your phone to stop the harassing calls, this may be an adequate option for you. We are happy to review your situation and discuss whether this option is best for your circumstances.