Wednesday, April 12, 2017

Rohan Pavuluri

Forbes on his venture Upsolve "It sounds like a contradiction in terms: Millions of Americans may be too broke to go bankrupt. But with studies showing that more than half of U.S. households can’t come up with $1,000 in cash in an emergency and a third have no savings at all, it shouldn't be surprising that the $1,300 cost of filing for Chapter 7 bankruptcy is a hurdle many debt-ridden consumers can’t get over.
That dilemma struck a Harvard sophomore named Rohan Pavuluri as odd – and a potential opportunity. He turned his curiosity into a nonprofit,, that has pulled in more than $70,000 in funding and support from universities and the hedge-fund-sponsored Robin Hood Foundation. Upsolve’s mission is to try and help poor people avail themselves of bankruptcy, what Pavuluri – himself the prep-school educated son of two physicians – describes as “one of the best parts of American capitalism.”"

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