From The Third Branch
Posted by Jenny Sutton
Is there a relationship between age and filing for bankruptcy? A new study shows that the bulk of bankruptcy filings are filed by the middle-aged.
John Golmant and Tom Ulrich, statisticians in the Administrative Office’s Statistics Division, gathered data from over 13 million records, with information on Chapter 7 and Chapter 13 consumer bankruptcy filers. Random sampling selected 2,800 records with data covering 88 of the 94 districts for the years 1993 through 2002. The results of the study were presented at the 15th Federal Forecasters Conference and published in the May issue of the American Bankruptcy Institute Journal.
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