Filing for bankruptcy is seen by many as something that people do when they are unable to stay in control of their bills, but it's not always that simple. The reasons for filing for bankruptcy can be influenced by a person's age. A younger person's filing often comes as a result of running up too much credit card debt during a time when they did not fully understand credit. A middle age person might file after experiencing unexpected expenses, such as medical bills or home repairs, or after a period of unemployment. Seniors too find themselves considering bankruptcy, and it can be a hard step for many to take. However, it may be the right step, depending on what they have at stake. Here is some information seniors may want to take into account if considering bankruptcy as a debt relief option.