As debt grows among older Americans, so does bankruptcy – "Living on the street." Fay has $50,000 in outstanding student loans from when she had gone back to school in her 50s to get her MBA. She also has a mortgage on her house in Coatesville, Pennsylvania,
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Millions of Americans still trapped in debt-logged homes ten years after crisis – So when Payne and his wife Gail saw ads in the tabloids for brand-new houses in the Pennsylvania mountains for under $200,000. “underwater,” meaning they still owe more to their lenders than their.
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