Why More Americans Are Escaping Unmanageable Debt Through Bankruptcy
Although bankruptcy filings in the United States have yet to reach the same levels seen after the 2007 recession, they’re on the rise. In 2025, courts reported 549,577 personal bankruptcy filings, which amounts to an 11.2% increase from the previous year. Many Americans are finding that budgeting and refinancing aren’t enough to resolve their debt. […]
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