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Elderly Bankruptcies On The Rise

Elderly Bankruptcies On The Rise

By | September 30, 2008

There was an article in the news today about people over 55 filing for backruptcy at an increasing rate. They have gone from 8% of the personal bankruptcies filed to 22%. This age group is hit by a one-two punch of job loss and increasing health care bills. They had a fixed amount of savings …

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