By Jeff Field | Published April 14, 2025 | Posted in Chapter 13 | Tagged Tags: Bankruptcies, chapter 13 | Leave a comment
Early Chapter 13 Payoffs and “100 Percent” Bankruptcies: Benefits and Risks
Millions of Americans live paycheck to paycheck, which means that a temporary setback can have longstanding negative consequences. Under the right circumstances, Chapter 13 bankruptcy can serve as a financial lifeline for people who cannot catch up with their debt obligations despite the fact that they’re earning a steady income. In this type of bankruptcy, Read More
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Data Shows the Types of Household Debt Contributing to Bankruptcies in 2024
Burdensome debt is a reality for many American households. This is particularly true in Georgia, which has had one of the five highest bankruptcy rates in the United States over the past couple of years. Several types of household debt impose financial pressure on individuals and families. Understanding the specific obligations that threaten your well-being, Read More
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Inflation Cited As Factor As Bankruptcies Increase
If you’ve felt extra financial pressure over the past couple of years, you’re not alone. Data from 2023 shows that bankruptcies are on the rise in the United States. While multiple factors have contributed to this increase, one significant driver is the persistence of inflation following the COVID-19 pandemic. As prices for essential goods and Read More
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