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Bankruptcy Archives

Hiding, diverting assets before bankruptcy can be a federal crime

When most people declare bankruptcy, it's after months of emotional and financial struggle. Many have tried to keep afloat by selling off retirement assets, not realizing that bankruptcy could have protected those assets. Most people try everything they can think of before bankruptcy.

Five things baby boomers should know about bankruptcy

Bankruptcy is huge, no matter your age, but it's arguably more important as you grow older. You have less time to deal financially with your debt before retirement, and you must know all of your options. This is becoming more relevant for baby boomers, and here are five key things this generation needs to know.

When medical costs threaten your financial stability

Many elderly individuals depend on Medicare to help them cover their expenses for medication, treatment, and examinations. Unfortunately, more and more of these people are getting hit with surprisingly high medical bills due to the Medicare Advantage program. In fact, many members of the baby boomer generation find themselves filing for bankruptcy as a direct result of Medicare Advantage.