According to ABC News, 76% of Americans are living paycheck to paycheck. Thanks in no small part to the economic downturn known as the Great Recession, many Americans are not able to make it from week to week without getting completely bogged down in their bills. Eventually, they have to start cutting corners to pay different debts at different times. In the end, this simply leads to more debt.
Fortunately, American law allows for financial protections when citizens of the United States file for bankruptcy. However, Americans need to be made aware of the facts surrounding bankruptcy myths