The COVID-19 pandemic has had a significant impact on consumer bankruptcies in 2020, causing a major shift from the previous year. To better understand this market shift, we have analyzed the latest bankruptcy statistics using data from the US Courts Bankruptcy Caseload, AACER bankruptcy data, and Ascend bankruptcy data.
Our goal is to provide a statistical analysis of the bankruptcy market during the pandemic, helping readers gain insight into the current situation.
The Free Bankruptcy Calculator below helps you compare two of the most common consumer bankruptcy in the United States: Chapter 7 and Chapter 13 bankruptcy and common bankruptcy alternatives.
Read storyBankruptcy can be a great way to get a fresh start when your debt has become unaffordable due to financial hardship. Bankruptcy is for those who have a strong desire to pay their bills, but may not have the ability to pay those bills.
Read storyYes, you can file bankruptcy while unemployed with no job, but please note that your unemployment income does count as income for the bankruptcy means test.
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