Personal bankruptcy filings are soaring this year due to ‘mounting financial pressure’ — but how do you know when you need a ‘financial reset’?

Bankruptcy is an option when you are facing serious financial difficulties. Chapter 7 bankruptcy is a way to legally ...

Personal bankruptcy filings are soaring this year due to ‘mounting financial pressure’ — what it really means to file

Bankruptcy is an option when you are facing serious financial difficulties. Chapter 7 bankruptcy is a way to legally ...

How much income is too much for a Chapter 7 bankruptcy?

The income limits for Chapter 7 depend on numerous factors, including a complex calculation called the means test.

Is it hard to get approved for Chapter 7 bankruptcy?

Chapter 7 bankruptcy has specific income requirements, but many filers qualify. Here's what determines the outcome.
CBS News

Filing for bankruptcy this September? Here are 3 big questions to ask first.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So, if you've been considering whether bankruptcy is the right move for ...

Personal Bankruptcy Filings Soar Amid ‘Mounting Financial Pressure’

Epiq AACER linked the rise to the "mounting financial pressure" faced by Americans in 2025, reflected in rising household ...