There have been recent studies that indicate an increasing number of senior citizens are seeking bankruptcy protection. Many people believe they have saved enough to retire, but quickly realize that they did not. Additionally, it is difficult to support yourself on Social Security alone, especially if you have accumulated any debt.
When you emerge from bankruptcy, you have a fresh financial start. Thus, it is important tohave a clear strategy for re-establishing good credit and finances after bankruptcy. Below are a few tips to consider: