Recently, the questions we get regarding filing bankruptcy after retirement has escalated.  Newsweek ran an article  – http://www.newsweek.com/id/224154 that may be worth reading if you are contemplating bankruptcy and you are retired.

If you are a senior citizen contemplating bankruptcy or if a loved one of yours needs help from large medical or credit card debt, the sooner you understand your options and decide on the best course of action, the better chance we have of preserving your cash and assets and stopping harassing phone calls, foreclosure and repossession.

Don’t delay until the situation becomes unbearable, eats into relationships or causes undue stress.