With credit plentiful, Americans borrowed more. And more Americans filed for bankruptcy. Thanks to the strong economy, filings have fallen for the past two years. They probably will rise this year. Creditors say the stigma of filing for bankruptcy is gone.
Consumer groups say creditors are too quick to lend.
America isn't a nation of deadbeats. Many more could do so with a little strategic planning beforehand. Here's one example. Most opt for the first. At creditors' urging, Congress would force more into the second.