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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    2 days ago

    7 years is nothing. most car loans are 7 years at this point. and a 7 year loan on a car that will last you 15-20 years isn’t a big deal.