A new study suggests that distressed borrowers using a simpler bankruptcy process are succeeding — and that more people like them should try.
Category: Personal Bankruptcies
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Chinese People Are Known to Be Big Savers. Many Are Drowning in Debt.
As Beijing pushes consumer lending to stimulate the economy, millions of Chinese borrowers, especially the young, are falling into debt spirals.
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Debt and Mental Health: How One Couple Found Help
People who find themselves in financial trouble sometimes consider taking drastic measures when their situation appears hopeless. But there is always a way out.
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Struggling With Debt? Bankruptcy Can Provide a Second Chance.
Many people who should consider filing for bankruptcy avoid doing so out of shame or fear it could ruin their credit. But it can provide much-needed relief.
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Why Do People File for Bankruptcy?
Rudy Giuliani filed for bankruptcy a day after a judge ordered him to start paying $148 million in damages to two former Georgia election workers.
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As Student Loan Payments Resume, Gen X Struggles to Save for Old Age
The end of the payment pause means Americans in this age group will once again have to juggle paying off debt while trying to save for older age.
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Discharging Student Loans in Bankruptcy Show Mixed Results
Last year, the Biden administration provided a new path to make it easier to discharge student loans in bankruptcy. The results appear promising, but success has been limited.
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Sandy Hook Families Are Fighting Alex Jones and the Bankruptcy System Itself
The New York Times – Business:As the families seek more than $1.4 billion awarded by courts for Mr. Jones’s lies, a New York Times review shows he is transferring millions of dollars to family and friends, potentially out of reach of creditors.