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A new study suggests that distressed borrowers using a simpler bankruptcy process are succeeding — and that more people like them should try.
The process which enables this was introduced during the Biden administration.
I mean, if it’s going to take you over 7 years to pay it off anyway, then why not?
7 years is nothing. most car loans are 7 years at this point. and a 7 year loan on a car that will last you 15-20 years isn’t a big deal.