Ken Edstrom to chair panel on senior financial distress on Oct. 4

On Friday, October 4, 2019, Sapientia’s Ken Edstrom will chair a panel on “The Growing Crisis of Seniors in Bankruptcy.”  The 9 a.m. panel is part of the 2019 Minnesota Bankruptcy Institute and will be held at the Minnesota CLE Center located in downtown Minneapolis at the City Center, 33 South 6th St.

Over the past 15 years, debt balances held by younger borrowers held steady or declined. At the same time, debt held by borrowers between the ages of 50 and 80 increased by roughly 60 percent. Bankruptcy filing statistics mirror this trend.  The panel will discuss the depths of this problem, why it is happening and the prospects for reversing the trend. Other members of the panel include:

Chris Farrell. Chris is the senior economics commentator for Minnesota Public Radio. An award winning journalist, Chris is a regular contributor to PBS Next Avenue and the Minneapolis Star Tribune. He has written for Bloomberg, Businessweek, the New York Times, Kiplinger’s and other publications.

Professor Pamela Foohey. Professor Foohey is a noted researcher in the areas of consumer law, commercial law and bankruptcy. She teaches at the University of Indiana Law School where chairs the Creditors’ and Debtors’ Rights Section of the Association of American Law Schools (AALS). In addition to her many other professional accomplishments, Professor Foohey currently serves on the editorial advisory board of the American Bankruptcy Law Journal.