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Chapter 13
Trends
- 1Ramsey's Cruze Criticizes Mom Eyeing Chapter 13 Over $212K Debt▼'You're Making a Worse Situation Worse': Cruze to Mom Eyeing Chapter 13 on $62K in Cards and $150K in Student Loans
Personal finance personality Rachel Cruze told a mother weighing Chapter 13 bankruptcy that filing would only deepen her problems, telling her 'you're making a worse situation worse.' The woman carries about $62,000 in credit card debt and $150,000 in student loans. The blunt exchange has drawn attention, with people debating whether bankruptcy or a structured repayment plan makes more sense for overwhelming debt loads.