15 common reasons people file bankruptcy

The following are 15 common reasons people file bankruptcy:

1) Divorce or separation

2) Death in the family

3) Disability

4) Unemployment

5) Underemployment

6) Excess debt due to excess use of credit or poor management of credit

7) Debt collection lawsuits

8) Medical issues

9) Unexpected expenses

10) Failed business

11) Repossessions

12) Wage garnishments

13) Foreclosures

14) Bank account seizures

15) Identity theft

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Know your rights regarding medical debts

Many people incorrectly assume medical debt is not dischargeable in bankruptcy. Medical debt is considered unsecured debt and it is dischargeable. Therefore if you have astronomical medical debts, cal