top of page

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

Recent Posts

See All

What is cross collateral in bankruptcy?

An example of cross collateral is when you have a vehicle being financed with a credit union and also have a credit card with that same credit union. If you file for bankruptcy under chapter 13, the v

Abogado de bancarrota en Houston

Si estas buscando un abogado de bancarrota en Houston que habla español pues ya lo encontró. El abogado Rashid habla español con fluidez ya que se crío en Puerto Rico. llámenos ahora si necesitas elim


bottom of page