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Fixed Income & Credit Card Debt: Why Retirees Are Declaring Bankruptcy


First Posted: 12/23/10 05:12 AM ET Updated: 05/25/11 07:05 PM ET

For more and more seniors, retirement doesn't mean a debt-free life of leisure. An increasing number of Americans aged 65 and older are declaring bankruptcy, according to a recent study by John Pottow, professor of law at the University of Michigan Law School.

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Filed by T.J. Ortenzi  |