If you are feeling overwhelmed by debt, you are not alone. According to a 2025 LendingTree report, one in 10 Americans files for bankruptcy at some point in their lifetime.
In December of 2025, CBS News conducted a poll which found most Americans are struggling to afford basic living costs, including health care, food and housing. Price pressures and an uneven economy are leaving some households strapped for cash.
A follow-up January 2026 CBS News report found that personal bankruptcies have increased 47 percent since 2022. Rising medical insurance costs, growing credit card debt, resumed student loan repayments, higher borrowing costs, and inflation have all contributed to the sharp rise in filings.
Bankruptcy is a serious decision, but it can stop persistent collection calls and give consumers a fresh financial start. If you are ready to regain control of your finances, call 318.746.7467 to find out whether filing for bankruptcy may be the right option for your future.
