Urban Legend #2 - People File Bankruptcy Who Live Beyond Their Means

Keith Rucinski,  Chapter 13 Trustee, Akron, OH,


“Only people who live beyond their means file bankruptcy.”

When people think of individuals who have filed bankruptcy they often think of people who cannot manage their money and live “beyond their means.” Images of expensive cars and large homes often come to mind, this is not commonly seen with those who file for bankruptcy.


A public education project of the National Association of Chapter Thirteen Trustees

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