Considerations for The Aging Bankruptcy Population

By Catherine King, Esq., Redding, CA

In the last 48 hours, my new bankruptcy consultation clients included those of the following ages: 70, 74, 79 and 90 all of whom were overwhelmed with their financial circumstances and heartbroken to find themselves in the office of a bankruptcy attorney at this late stage of their lives! Statistics confirm what many bankruptcy attorneys are experiencing anecdotally: in the last 5 years, according to the U.S. Bankruptcy Court, private, and educational institutions, there has been a growing trend of aging and elderly filers. This is attributable to a variety of . . .

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