Here is a little bit of information I came across in the Globe and Mail...having the largest increase in bankrupcy is people 55 and older. Its a short article you may find interesting.
http://www.theglobeandmail.com/report-on-business/economy/economy-lab/daily-mix/more-seniors-spending-golden-years-in-bankruptcy/article1753492/
From our perspective we are also seeing more and more seniors walking through our doors, seeking assistance. One of our Debt Advisors specializes in Elderly Planning, and has the knowledge and access to finding government entitlements to help seniors out.
If you would like more information regarding this give us a call, 403.331.4567.
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