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Bankruptcy Filings Up

By: Associated Press
By: Associated Press

Having some trouble paying bills? You're not alone. More and more Americans are filing for bankruptcy everyday.

Last year, more than 1.5 million people filed and the country's already on track to beat that record this year.

The total U.S. consumer debt stands about $10 trillion dollars with 1 in 15 thousand households in debt.

To avoid bankruptcy, credit counselors suggest implementing payment plans, a personal budget, and curbing use of credit cards.


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