Before Seniors and Boomers draw on their home equity, they may want to consider other options and determine whether the decision could jeopardize their financial security. Bankruptcy filings by Americans age 55 and over are increasing and at a faster rate than the general population, accouding to a study by researchers at the Administrative Office of the U.S. Courts. Increasing amounts of mortgage debt and rising health care costs contribute to the higher incidence of boomer bankruptcies. And in recent years, more Seniors have been borrowing against their homes. For instance, 21% of Seniors had debts against their homes in 1990 and 28% of Seniors had such debt by 2000. The study resuts are summarized in an article in the May, 2007 issue of the /American Bankruptcy Institute Journal/.