Sentences with phrase «senior debtor»

The insolvent senior debtor is not the affluent senior who has just failed to cut back in his or her retirement.

Senior debtor's credit card debt was $ 37,161, the highest credit card debt of all age groups and 57 % higher than the average debtor.

When my firm, Hoyes, Michalos & Associates, did a study of people who filed a bankruptcy or consumer proposal with us, we found that the average senior debtor owed almost $ 70,000 in unsecured debt, which was the second highest among all age groups.

Only 56 % of senior debtors had RRSP savings and the average total RRSP value for those with RRSPs was only $ 19,464.

Fifty three per cent of these senior debtors live alone and often cite illness or injury as a cause of their financial troubles.

We've also seen an increase in senior debtors who are carrying debt into retirement.

Senior debtors, people aged 60 and over, have the highest amount of unsecured debt of any age group when they go bankrupt, almost $ 70,000.

Senior debtors, people aged 60 and older have the highest amount of any age group when they go bankrupt, almost $ 70,000.

Senior debtors in our study are among the most financially at - risk in our communities.

Senior debtors aged 60 and older are, in fact, supporting higher unsecured debt loads on significantly lower income.

Less than 1 % of senior debtors have any other form of investment reserves.

After young debtors, senior debtors are the most likely group to blame financial mismanagement as a cause of their financial problems; however, 17 % also list health concerns as a cause.

Only 44 % of senior debtors have any retirement nest egg, and as for those who have an RRSP, their average RRSP savings amounts to just $ 20,207.

Not exact matches

It is clear that the student loan burden impedes seniors from accomplishing their retirement; for instance, student loan debtors with a retirement fund had on average $ 10,000 to $ 20,000 less than seniors without student loans.

According to the CFPB report citing the New York Federal Reserve, the number of senior student loan debtors over the age of 60 has quadrupled over the past ten years.

Our 2017 Joe Debtor study showed that the total number of debtors who are seniors is now 12 %, up from 2015's 10 % and up... Read more»

Payday loans are a scourge to the average debtor, and seniors are no exception.

But Powell's remarks last month is the first time a senior federal official has candidly admitted that he can not explain why the Federal Bankruptcy Code makes it very difficult for overburdened college debtors to discharge their student loans through bankruptcy.

Increasing Fastest Among Oldest However, the percentage of debtors is increasing most rapidly among seniors aged 75 and above.

As students at Los Angeles - area colleges and universities are graduating and perhaps preparing for graduate school, and as high school seniors are pondering college in the fall, the state of student loan debt, and the options of student loan debtors, bear scrutiny.

However, the percentage of debtors is increasing most rapidly among seniors aged 75 and above.

Following close behind seniors in terms of debt load are pre-retirement debtors (those aged 50 — 59), having an average unsecured debt of $ 62,815.

On average, seniors carry a total unsecured debt load of $ 64,379, which is 22 % more than the average Joe Debtor.

It is clear that the student loan burden impedes seniors from accomplishing their retirement; for instance, student loan debtors with a retirement fund had on average $ 10,000 to $ 20,000 less than seniors without student loans.

Debtors aged 30 to 59 take out the highest number of payday loans, while seniors have the largest average loan size at $ 1,568 and the highest overall payday loan debt at $ 4,377.

Malcolm has extensive experience representing lenders and borrowers in secured and unsecured debt financings, including syndicated senior bank credit facilities, first and second lien financings, asset - based (ABL) credit facilities, mezzanine and other subordinated debt financings, debtor - in - possession financings, public and Rule 144A debt offerings, and convertible debt transactions.

She advises clients on corporate finance, bankruptcy and creditor - debtor relations law, and counsels public and private companies in connection with senior and subordinated debt facilities and receivables financing, including factoring transactions and securitizations and the issuance of true sale and non-consolidation opinions.

Collaborate with Senior Credit Controller to map out plans for pursuing payment from seriously delinquent debtors.