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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.
There as also a implication it was going on for a while, 10 years in the article.
New grads may feel it’s helpless and whole be for 10 years but courts do not operate on feelings, they need evidence.
The point of the article is there is more hope now than there was and to spread awareness because most people aren’t including this in their bankruptcy.