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The latest data released by the Administrative Office of the U.S. Courts reveals a concerning trend in bankruptcy filings, indicating a 13 percent increase in total filings and a staggering 30 percent rise in business bankruptcies for the twelve-month period ending September 30, 2023. This follows a decade-long decline in bankruptcy numbers and reflects a significant shift in economic dynamics. In this article, we delve into the key findings and…

Bankruptcy can be a very difficult experience. Many people feel a sense of guilt or shame when they admit that they can’t handle the debts that have accumulated over the years. Instead of wasting time thinking about what you can’t change from the past, focus on taking the right steps after bankruptcy. Focusing on what is in your control will help you rebuild a strong credit score as quickly as possible. Follow…

Today’s lending industry is a credit-based one and blotches on your credit report can cost you dearly. If you’ve gone through the hassles of bankruptcy or a foreclosure and have trashed your credit score, you need not fret as there multiple ways to become creditworthy again. You just need to get started and also remember that it is not going to happen overnight. The credit score of the borrowers often affect the…