Federal Reserve Bank of Philadelphia Consumer Finance Institute: 'Bankruptcy Lawyers and Credit Recovery'
October 29, 2025
October 29, 2025
PHILADELPHIA, Pennsylvania, Oct. 29 (TNSLrpt) -- The Federal Reserve Bank of Philadelphia's Consumer Finance Institute issued a working paper in October 2025 entitled "Bankruptcy Lawyers and Credit Recovery."
Here are excerpts:
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Introduction
Household financial distress is severe and pervasive. In 2019, around 9 percent of consumers in the United States reported some debt in collections, and total delinquent household debt a . . .
Here are excerpts:
* * *
Introduction
Household financial distress is severe and pervasive. In 2019, around 9 percent of consumers in the United States reported some debt in collections, and total delinquent household debt a . . .