John Oliver explains personal bankruptcy, how credit card lobbyists and lawyers make it much worse

Bankruptcy, especially as portrayed by bankruptcy lawyers, promises “a fresh start from your debts,” John Oliver said on Sunday’s Last Week Tonight. Between 800,000 and 1.5 million Americans file for bankruptcy each year, “and many worry that once the current pandemic assistance stops, more and more people will need the type of help” bankruptcy offers. […]

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COVID-19: Insolvency trustees signal warning about post-pandemic financial stress

Consumer bankruptcies and debt-settlements in B.C. have plummeted during COVID-19, which sounds like a good thing, but insolvency trustees worry that troubles lurk beneath the surface. Government assistance programs and bank payment deferrals have cushioned the economic blows of the pandemic for many, but once those all end in the coming months, financial stresses will […]

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