Bankruptcy News and Help

On average, Americans have up to $20,000 in credit card debt. That is no wonder why the number of bankruptcy filings each year increases when compared to the previous year. We have been getting used to pay for things using plastic instead of cash and we no longer have the discipline to track our expenses or have a budget. This situation gets particularly difficult when a member of the family loses his or her job or gets a pay cut. That is when it becomes impossible to make even minimum payments and before long, we are buried in debt and getting harassing calls from creditors at all times of the day.