It does not take much to push a middle class family into bankruptcy. One serious illness will drive up medical expenses or put a breadwinner out of work. Most of my clients are not only facing debilitating medical issues, but also financial disaster. One of the main reasons for this is the current system in which this country pays for…
Older Americans, ages 65 and older, are increasingly filing for bankruptcy, with the rate more than tripling since 1991, according to a study from the Consumer Bankruptcy Project titled “Graying of U.S. Bankruptcy: Fallout from Life in a Risk Society.” Between 2013 and 2016, 12.2% of individuals ages 65-74 filed for bankruptcy annually versus 2.1% in 1991. This trend cannot…
