Maybe stuff happened that was out of their control (medical being a simple example).

Someone with a serious cash flow issue, a divorce, medical issues or just someone who thinks they do not have to pay their bills.

The neglect of the company resulted in my back injury (cheaper to pay foy medical then to fix the roads I guess) and I filed Workmans Comp.

As for retirement, the medical facilities still scare me somewhat.

Maybe from a medical event.

Mike the plan was never to develop a large real estate business the plan is to own a couple nearby rentals with smallest mortgages and low expenses therefore yielding as much + cash flow as possible..Therefore my work pension + investments + real estate cash flow will provide a good retirement monthly income...To be honest I have a pretty kick back stress free R.N job that pays a little over 6 figures with full medical benefits for me and my family not to mention life time medical insurance for me and my spouse when I reach 25 years of service.

IF you do it right, and barring any medical bills!

I had $47k of student loan debt from a pretty worthless MBA, $13k credit card debt due to car repairs, medical expenses from a car wreck, basically my life was a mess.

Here, there is an older Indian couple and a few other regulars who seem to just buy up everything.I go even when I'm not buying just to study their habits and drink the horrid courthouse coffee.

The only collections you might choose to ignore are for medical procedures and maybe student loans.