Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are some of the most common reasons people file for bankruptcy?

April 26, 2017Bankruptcy common file people reasons

0

Posted

What are some of the most common reasons people file for bankruptcy?

1 Answer

0

Posted

The most common reasons people file for bankruptcy protection are loss of job, medical emergency, divorce or separation, and reduction in income at current job. Most people do not have a financial safety resulting in the need to file for bankruptcy due to overwhelming bills.