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- 2023 Joe Debtor Bankruptcy Study
2023 Joe Debtor Bankruptcy Study
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Doug Hoyes of Hoyes, Michalos & Associates profiles the average insolvent debtor - Joe Debtor - by gender, age, marital and employment status, and notes that rising inflation and interest rates have made it difficult for even higher-income earners to manage heavy debt payments, evidenced by the increase in higher-income insolvencies.