Anyone considering a Chapter 13 filing is likely to wonder about Chapter 13 bankruptcy statistics. After all, it's only natural to try to figure out what has worked for other people facing the same problems.
Here's a look at some Chapter 13 bankruptcy statistics from recent years.
In most years, Americans file for Chapter 7 bankruptcy more often than Chapter 13. However, a Chapter 13 filing is not uncommon.
These Chapter 13 bankruptcy statistics paint a picture of the average American. That suggests that most people who find themselves in need of bankruptcy protection aren't (as rumors sometimes suggest) especially bad at handling money or devoid of moral fortitude.
Rather, Chapter 13 filers tend to be regular folks who were hit with an unexpected expense and didn't have the savings cushion to recover from it.
If you're curious about whether Chapter 13 might be able to help your situation, please take this opportunity to connect with a bankruptcy lawyer for a free consultation.