In the 12 months prior to June 30, 2026, reports found that bankruptcy filings went up by a full 12.2%. This does not mean they have reached historic highs, but it is a stark departure from the trend of the last decade, when bankruptcy filings were on the decline. For...
Month: September 2026
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What happens to credit cards during Chapter 7 bankruptcy?
People rely on credit cards for financial flexibility. They may carry balances after incurring large, unexpected expenses. Others may simply use them monthly to cover costs on demand instead of waiting for a paycheck. Bankruptcy inevitably affects access to revolving...

