Struggling To Keep The Bills Paid In Your Golden Years? Bankruptcy May Go Easy On You
Posted on:
12 March 2015
Bankruptcy is often portrayed as a terrible thing to be avoided at all costs. However, for elderly people facing debt, bankruptcy's negatives may not be so serious, and its ability to get rid of certain types of debt may be even more important. If you're getting older and worrying about your debts, maybe it's time to consider chapter 7 bankruptcy.
Elderly People Have More Untouchable Money
When you file for chapter 7 bankruptcy, you must first pass a means test before you can proceed.
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