When millions of travelers get settled into their airplane seats, they browse through SkyMall. This in-flight catalog offers airline passengers the chance to purchase a wide array of interesting and sometimes odd products. This catalog has had a presence in the seatbacks of millions of airline seats for decades. However, the ubiquitous retailer has recently experienced financial challenges. Last month, SkyMall’s parent company suspended SkyMall operations and filed for Chapter 11 bankruptcy.
We have previously mentioned how challenging it can be to become suddenly and unexpectedly overwhelmed by medical debt. Fiscally responsible Americans at virtually every income level can have their finances dramatically affected by an unexpected illness, injury or accident. In fact, overwhelming medical debt is now widely cited as the primary reason why Americans file for personal bankruptcy.