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  2. How to avoid bankruptcy in retirement — and safeguard your ...

    www.aol.com/finance/avoid-bankruptcy-in...

    If you’re afraid you won’t be able to pay outstanding debts during your golden years, filing for bankruptcy might offer a fresh start. But it’s not an ideal option for seniors. Learn steps ...

  3. Before You File for Bankruptcy, Consider These 3 Alternatives

    www.aol.com/file-bankruptcy-consider-3...

    A Chapter 7 bankruptcy (or BK, as we call it) would eliminate most or all of their debts and they would get a clean slate. No litigation client ever wrote me a thank-you note, but plenty of my ...

  4. Senior Savings: When Retirees Should Consider Bankruptcy - AOL

    www.aol.com/senior-savings-retirees-consider...

    Retirement in the United States is not cheap. Even in comparatively inexpensive states like Mississippi, Oklahoma and Arkansas, you'll need to save up nearly $700,000 to retire comfortably ...

  5. Pensions in the United States - Wikipedia

    en.wikipedia.org/wiki/Pensions_in_the_United_States

    In April 2012, the Northern Mariana Islands Retirement Fund filed for Chapter 11 bankruptcy protection. The retirement fund is a defined benefit type pension plan and was only partially funded by the government, with only $268.4 million in assets and $911 million in liabilities. The plan experienced low investment returns and a benefit ...

  6. Bankruptcy alternatives - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_Alternatives

    Bankruptcy prevents a person's creditors from obtaining a judgment against them. With a judgment a creditor can attempt to garnish wages or seize certain types of property. . However, if a debtor has no wages (because they are unemployed or retired) and has no property, they are "judgment proof", meaning a judgment would have no impact on their financial situat

  7. List of United States Supreme Court bankruptcy case law

    en.wikipedia.org/wiki/List_of_United_States...

    This is a list of Supreme Court of the United States cases in the area of bankruptcy. This list is a list solely of United States Supreme Court decisions about applying law related to bankruptcy. Not all Supreme Court decisions are ultimately influential and, as in other fields, not all important decisions are made at the Supreme Court level.

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