How bad is the debt problem for senior citizens?According to some reports, nearly 1-in-10 senior citizens pays 40% of their monthly income to creditors.With health care costs that rise as Americans age and most living on a fixed income, this puts not only the older generation at risk but also their families who often make up the financial shortfall.Is bankruptcy the right way to alleviate the strain of overwhelming debt?In this episode of Consumer Ledger, Gene and Jay discuss the problems faced by our aging population as well as the pros and cons of filing for bankruptcy.Can't see the audio played? Click here for the episode.