Of those who filed for Chapter 7 bankruptcy in 2020, 49 percent of their total debt was student loan debt. Unfortunately, it is very difficult to discharge student loan debt via Chapter 7 bankruptcy, so many of these filers may still have to pay back their student loan debt.
Breakdown of total debt held by Chapter 7 bankruptcy filers in the United States in 2020
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LendEDU. (September 25, 2020). Breakdown of total debt held by Chapter 7 bankruptcy filers in the United States in 2020 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1082890/share-total-debt-bankruptcy-filers-type-us/
LendEDU. "Breakdown of total debt held by Chapter 7 bankruptcy filers in the United States in 2020." Chart. September 25, 2020. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1082890/share-total-debt-bankruptcy-filers-type-us/
LendEDU. (2020). Breakdown of total debt held by Chapter 7 bankruptcy filers in the United States in 2020. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1082890/share-total-debt-bankruptcy-filers-type-us/
LendEDU. "Breakdown of Total Debt Held by Chapter 7 Bankruptcy Filers in The United States in 2020." Statista, Statista Inc., 25 Sep 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1082890/share-total-debt-bankruptcy-filers-type-us/
LendEDU, Breakdown of total debt held by Chapter 7 bankruptcy filers in the United States in 2020 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1082890/share-total-debt-bankruptcy-filers-type-us/ (last visited November 10, 2024)
Breakdown of total debt held by Chapter 7 bankruptcy filers in the United States in 2020 [Graph], LendEDU, September 25, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1082890/share-total-debt-bankruptcy-filers-type-us/
