Too Broke for Bankruptcy
It’s a grim irony that only the moneyed can afford the protections of bankruptcy. Even as major companies declare bankruptcy to get relieved of overwhelming debt, expensive pension obligations and union contracts under bankruptcy protection, financially strapped individuals often can’t afford to apply for the same relief. Enter Upsolve, a free online app designed to help people complete the challenging and often expensive process of claiming bankruptcy protection. Our guest, Rohan Pavuluri Upsolve’s founder and CEO, discusses how their celebrated and highly successful app works. Later, we continue a discussion with Dr. Robert Hockett about how this moment in Federal Reserve history needs to reclaim some of its original intent.