Effects of Changes to Bankruptcy Laws

Have you wondered what effect the 2005 changes to the US bankruptcy laws have had?

The answer is available in a June 2008 report made available by the AARP Public Policy Institute titled, “Generations of Struggle“, by Deborah Thorne, Elizabeth Warren and Teresa Sullivan. The conclusions may surprise you because the report indicates changes at both ends of the age continuum. And even with the changes

In short, younger Americans are filing at a lower rate but bankruptcy filings have significantly increased for those age 55 or older.

The full, 16 page, report is available from the AARP web site.

This entry was posted on Wednesday, October 1st, 2008 at 6:44 pm and is filed under Consumer Credit, Retirement. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Effects of Changes to Bankruptcy Laws”

Credit Crunch » Effects of Changes to Bankruptcy Laws on October 1st, 2008 at 7:41 pm

[...] dancingmango wrote an interesting post today onHere’s a quick excerpt Have you wondered what effect the 2005 changes to the US bankruptcy laws have had? The answer is available in a June 2008 report made available by the AARP Public Policy Institute titled, “Generations of Struggle“, by Deborah Thorne, Elizabeth Warren and Teresa Sullivan. The conclusions may surprise you because the report indicates changes at both ends of the age continuum. And even with the changes In short, younger Americans are filing at a lower rate but bankruptcy filings have significant [...]