Retirement is the time when we’re supposed to enjoy our money. With decades of work behind us, mortgages paid off and a healthy 401(k) ready to be cashed, retirement is when we hang it all up and really start to enjoy life. Right? Hello? Anyone? Yeah, not many of you there huh? Recent surveys are showing that more Americans in retirement have simply grown tired of the constant frustrations with long-term debt and have decided to just push on, forget about the debt, and let the chips fall where they may. A survey put together by CESI Debt Solutions and discussed more in depth in this USA Today piece, shows that close to 40 percent of retired citizens admit to accumulating credit card debt that they do not intend to pay off. For what’s it worth, it seems that the debt in question wasn’t accumulated to intentionally defraud card companies. Rather, like just about all credit card debt, it simply built up before it could be put under control. However, unlike younger people who need their credit standing for a few more decades, retirees don't necessarily have these same motivating factors for extinguishing debt. They may not need to rely on their credit report as often as a younger couple trying to establish a family and financial future. Thus, they can make different kinds of financial decisions. Nevertheless, making the choice to not pay off debt is not a healthy alternative- at least not without a properly planned Chapter 7 or Chapter 13 bankruptcy. Bankruptcy is a financial strategy, an accepted and widely-used legal remedy to cure financial ills. It’s come to the aid of millions of people. And if you're struggling to get by with social security or a meager pension, while still trying to pay your unsecured debt, it's time to stop struggling and get back to enjoying your retirement. A Chapter 7 or Chapter 13 bankruptcy will extinguish your debts, including medical debt, and put you back in the driver's seat for your most important years. If you're struggling call us today (In North Carolina) at 1-888-234-4181. We'll meet with you for a free initial debt consultation. Call today. From the Law Offices of John T. Orcutt. With offices in Raleigh, Durham, Fayetteville, Wilson, Greensboro, Garner or Wilmington. We're just a short drive away.