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.

  • ExLisper@lemmy.curiana.net
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    6 hours ago

    My sister moved to US from Poland when she was 18, about 25 years ago. She worked retail, banking and other random jobs. Got her degree online only couple of years ago. She has two kids, her husband died over 10 years ago so she was she was on her own for a long time now. She’s not complaining and is not planning on moving. Being Polish I know many people that moved to US with no education and did rather fine. My aunt and uncle won the green card lottery, moved to New Jersey ~30 years ago. He worked construction, she cleaned houses. They bought a big house, raised two kids. My other uncle worked construction there for 30 years until he retired and moved back to Poland. He was there illegally all this time and he was able to afford healthcare and is still alive while many of his peers in Poland died long time ago (5 uncles and aunts on both sides of my family died before 60). So… is it really as bad as you describe? How is it that immigrants with no degrees can find their way around, live comfortably, raise kids, go on holidays and so on but for Americans it’s all debt and/or suffering? I honestly don’t understand this.