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Bankruptcy Issues

Death and Debt

In total, American consumers owe $11.74 trillion in debt (as of 2014), an increase of 3.3% from the year before. $882.6 billion of that debt is credit card balances. $8.14 billion is mortgage loan balances. $1.13 trillion is accounted for by student loan balances (an increase from 8% from 2013). …

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