Tag Archives: Indiana Grey Bankruptcy
Two Things That May Matter Most In An Indiana Grey Bankruptcy
Since the 2005 Bankruptcy Abuse Prevention And Consumer Protection Act, the overall bankruptcy filing rate has dropped steadily. But the over-65 filing rate increased more than 200 percent between 1991 and 2016. Most seniors have no pensions and enormous medical bills. That income/expense discrepancy is a classic trigger for bankruptcy filings. Long-term employment with… Read More »
Special Issues In An Indiana ‘Grey Bankruptcy’
Medical bills are one of the leading causes of bankruptcy filings among all age groups. But this problem is especially acute for people over 55. The number of filers in this age group has doubled since 1994, even as overall bankruptcy filing statistics have fallen significantly. Even if they have medical insurance or Medicare,… Read More »