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.
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.
Both of the people were older.
My impression was that they couldn’t pay off that much debt at that age.
…
They were older. Because. The criteria for showing a “good faith effort” to pay. Favors people who have been paying for a period of time. But it is not a requirement to be older.
Seriously - that PDF outlines the circumstances pretty well. I don’t know why you keep going back to specific examples and making up reasons for why it applied to them when the documentation tells you exactly what the criteria are.
Yes that’s what I was saying.
I’m honestly not sure why you keep arguing with me because I mentioned age when that was a factor.
Not in a direct way, but yes it is a factor in the way you say.
Age would imply a few things that would help qualify for the approval. But age on its own is not a criteria.