While the idea of bankruptcy may seem frightening to Utah seniors, it can be a benefit for those who are struggling with debt in their later years.
Filing a Utah bankruptcy in retirement is a legitimate effort to rid oneself of oppressing debt that cannot be tackled on a fixed income. Being stuck with a lot of debt in retirement is challenging
According to a recent report from the Institute for Financial Literacy, bankruptcy filings are on the rise among older Americans. In the past, most retirees who file bankruptcy have been driven into financial ruin by unmanageable medical bills. These days, however, its more likely to be credit card and other consumer debt. Credit card interest and… Continue reading Bankrupt and over 65?