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Hundreds of thousands of Americans file for bankruptcy each year to seek relief from their overwhelming financial burdens, whether they’re dealing with high-rate credit card debt, medical bills, unsustainable personal or student loan payments or something else entirely. Bankruptcy filings have also been increasing recently, with recent data showing an uptick in filings of 16.2% from 2023 to 2024, which was likely due, at least in part, to the financial pressures caused by today’s higher…
