Chapter 13 Bankruptcy

U.S. Senate Reviews Proposal to Raise Chapter 13 Bankruptcy Debt Limits Amid Economic Pressures

Pieter Gunst03 mins

The United States Senate is considering a legislative proposal aimed at raising the debt limits for Chapter 13 bankruptcy filings. This move seeks to address the growing concern over the financial thresholds that currently restrict access to Chapter 13, a bankruptcy option that enables individuals to reorganize their debts and create a repayment plan. As…

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Racial Disparities Highlight Systemic Challenges in Personal Bankruptcy Filings

Pieter Gunst03 mins

A recent study of racial disparities in personal bankruptcy results has reignited the debate over whether implicit bias affects the financial recovery prospects of minority debtors. The investigation suggests that Black debtors are more frequently dismissed without debt relief compared to White debtors. In particular, the data reveals that people of color who file for…

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