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.

  • Dyskolos@lemmy.zip
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    23 hours ago

    The worth-success correlation is not just the USA, it’s here (Germany) the same. And probably nearly everywhere else too.

    As for the rest I can’t add anything, you already summed it up quite eloquently with enough cynical observation.

    I hope for you that you’re a wealthy one, as being poor AND open-minded in the US must be a nightmare. Knowing when and how you get fucked into which parts hurts more than just rolling along the others, never having to reflect or ponder…