Black people struggling with debts are far less likely than their white peers to gain lasting relief from bankruptcy, according to a ProPublica analysis. Primarily to blame is a style of bankruptcy practiced by lawyers in the South.
For many people, filing for bankruptcy is a luxury that’s out of reach. A new report by the primary bankruptcy professional organization is full of recommendations that, if implemented, could help change that.
Judges are demanding that lawyers tell their clients that their other debts might not get paid, but their lawyers will.
There’s ample evidence many people don’t file for bankruptcy simply because they can’t pay an attorney. It’s a fixable problem.
En la principal ciudad de California, estafadores se aprovechan de propietarios que arriesgan perder sus hogares. Los latinos son uno de los grupos más afectados.
Los Angeles is the nation’s hub for bankruptcy crime. Scammers prey on struggling homeowners with little fear of getting caught, because criminal enforcement of bankruptcy laws is rare.
‘This Is Unacceptable’: ProPublica Story on Bankruptcy in Memphis Prompts City Council Soul-Searching
The story detailed how the city’s poor black residents are steered into bankruptcy plans they are doomed to fail. Two City Council members are looking at a series of solutions to address the underlying problems.
For years, an Equifax policy has treated some Chapter 13 filers differently than the other two major credit rating agencies. After ProPublica asked about it, the company said it would change the policy.
ProPublica’s analysis of racial disparities in bankruptcy revealed a skyrocketing number of filings in Chicago’s black neighborhoods. But most of the cases will fall apart before the debts are wiped away.
Key differences between the chapters make choosing the right one critical for success. Using our analysis, we explain how they work and how people fare under each.
If you’ve really thought about filing for bankruptcy, ProPublica wants to hear from you — even if you ultimately decided against it.
Only in the South is Chapter 13 the predominant form of bankruptcy. We mapped Chapter 13’s usage to show that it breaks not only along regional, but also racial lines.
An in-depth discussion of racial patterns in bankruptcy filings and outcomes