Millions of people struggle to pay their monthly bills on time. According to a survey conducted by CareerBuilder, eight out of every 10 people live paycheck to paycheck. What this means is that an unexpected financial obligation, job loss or long-term injury can put someone in the position of being unable to pay their bills.
Often, these people juggle their finances, paying one bill one month and a different one the next to make sure nothing gets too far past due. Eventually, however, this can create an untenable situation, which can lead to bankruptcy.
No Shame in Bankruptcy
The first thing to understand is that there is no shame in bankruptcy. Things happen that are out of the control of the person in debt, and this can create the need to file for bankruptcy. About a million people filed for bankruptcy last year, so anyone that feels alone in this …