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.

  • TubularTittyFrog@lemmy.world
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    4 hours ago

    not paying back your debt so you can ‘live it up’ isn’t lacking empathy.

    most debt holders aren’t unfortunately victims of circumstance… they are people who took on debts and refuse to pay them back.