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Going BrokeWhy Americans Can't Hold On To Their Money$
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Stuart Vyse

Print publication date: 2008

Print ISBN-13: 9780195306996

Published to Oxford Scholarship Online: March 2012

DOI: 10.1093/acprof:oso/9780195306996.001.0001

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The Story of Bankruptcy

The Story of Bankruptcy

(p.46) (p.47) 3 The Story of Bankruptcy
Going Broke

Stuart Vyse

Oxford University Press

Financial failure has been rising at a dizzying rate, but the explanations for this so far offered could not be more different. The chapter outlines another story of bankruptcy. Caroline's debt was caused by use of credit cards. She and her husband cut up the cards and paid off Caroline's debt in installments. Counseling helped Caroline overcome her issues.

Keywords:   financial failure, debt, counseling, credit cards

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