Baby Boomers and Bankruptcy

Posted on December 6, 2010 at 3:09pm by

Baby Boomers Account for Nearly Half of Bankruptcies Filed – Three years ago, a study by Administrative Office statisticians showed a gradual aging of the typical bankruptcy filer, with filers over the age of 45 accounting for a larger percentage of overall filers. Following implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), the economic downturn, and the housing crisis, are bankruptcy filings still a function of age?

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