Both the Financial Times and Forbes recently published articles about the rise in bankruptcy among the elderly. A research paper written by Professor Bob Lawless and several colleagues, "Graying of U.S. Bankruptcy: Fallout from Life in a Risk Society," is referenced when presenting the % increase in elder bankruptcies filed since the early 1990s. The Forbes article goes on to discuss the factors that have contributed to the increase, and issues with the current bankruptcy system.
Read the full article at Forbes.com.