Consumer bankruptcies are rising, but does that mean Americans are facing a worsening economy? The answer is more complicated than you might think.
Sasha Indarte, Wharton associate professor, joins the show to explain what is driving the increase in personal bankruptcies and why today’s numbers may actually represent a return toward more normal levels.
She discusses the stigma and misconceptions surrounding bankruptcy, the impact on credit scores, what the filing process looks like, and why bankruptcy can ultimately serve as an important financial safety valve for people overwhelmed by debt.
