bankruptcy

Q: When my mother died, I inherited several hundred shares of Pacific Gas & Electric stock, which she had inherited from her father. Does PG&E’s bankruptcy mean my shares are worthless?

If you are retired, preparing to retire, or one day hope to retire, I encourage you to read an article in Monday’s edition of the New York Times. The article is titled “Too Little, Too Late: Bankruptcy Booms Among Older Americans.” The article is based on a new report by a group called the Consumer Bankruptcy Project. I found the newspaper article so interesting, I tracked down a copy of the report itself.