Credit cards, when used properly can be great. You can earn points, use them as an advance and most importantly, you can improve your credit. Unfortunately, many people misuse credit cards and end up setting up a meeting with me to discuss bankruptcy.
Would you be surprised if I told you that the fastest growing demographic group of bankruptcy filers is those over 65? It’s sad, but true.
There are a variety of reasons why consumers get into financial trouble, none of which will exclude them from filing a bankruptcy and subsequently obtaining a discharge. So, if you’re in debt because of gambling, you are still able to file bankruptcy.