By Jeff Field | Published October 20, 2025 | Posted in Chapter 13 | Tagged Tags: debt, Inflation, repayment | Leave a comment
Bipartisan Senate Plan Would Raise Chapter 13 Debt Limit
Inflation, high real estate costs and other factors can increase the amount of debt that someone carries, even if they are earning a steady income. When someone in this position requires assistance to stop creditor harassment, a Chapter 13 repayment plan is often the best solution. Under this program, a debtor is protected against collection Read More
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Stubbornly High Interest Rates Contributing to Increase in Bankruptcies
Increases in bankruptcies during 2023 and 2024 can be attributed to several factors. Millions of Americans relied on various government programs that provided economic relief for the duration of the COVID-19 pandemic. As the United States returned to normal, these initiatives expired, causing financial hardship to many who benefited from them. Though the pace of 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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