Articles Tagged with minorities and bankruptcy

Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 13 bankruptcy?”

A recent article in Bloomberg discussed something that many people may not be aware of: racial bias may play a role in something as mundane as bankruptcy filings. How does race impact bankruptcy? According to several studies, minority groups, specifically African American debtors, are vastly more likely to be steered to Chapter 13 rather than Chapter 7 bankruptcy protection.