The number of people 55 and older filing bankruptcies has skyrocketed since 1991, and that’s even more true for those 65 and older. Bankruptcy can offer a fresh start if you’ve fallen on tough times and are unable to pay your bills. 

Once you file bankruptcy, you’re no longer responsible for the debts that are discharged. But this fresh start comes with a price: your credit will be negatively affected for years.

Watch this full episode on the RTD website here:

https://www.rethinkingthedollar.com/why-are-so-many-people-over-55-going-bankrupt-rtd-live-talk/