Fans of “The Office” (the American version) remember the famous scene where Michael Scott — whose grand schemes have led him to write a check that he literally can’t cash — yells, “I declare bankruptcy.” Of course, it doesn’t work like that. Yet that moment, along with many other stereotypes, persuaded many people that bankruptcy hits them like an avalanche. It’s pretty hard to miss it coming.
Check Out: 8 Smart Ways Frugal People Are Living Like There’s Already a Recession
