Americans are Too Broke to File Chapter 7 Bankruptcy

“I’m too broke to file bankruptcy.” It’s a sentence that no one should ever have to say. If you can’t afford to declare chapter 7 bankruptcy, you're not alone, nearly 20 million Americans are in a similar position. That’s roughly six percent of the U.S. population that would be a good fit for bankruptcy! The founding fathers of the United States were great statesmen but many of them struggled with consumer debt. That is why they enshrined bankruptcy in our Constitution to be a safety net of last resort for people in financial distress. Chapter 7 bankruptcy, the kind that

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