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Contents

  • Understanding Bankruptcy and Its Causes
    • Medical Expenses
      • Job Loss and Income Reduction
        • Credit Card and Consumer Debt
          • Divorce or Separation
            • Business Failure
            • Types of Bankruptcy
              • Additional Contributing Factors
                • Natural Disasters and Catastrophic Events
                  • Student Loan Burden
                • Prevention Strategies
                  • Financial Planning
                    • Insurance Coverage
                      • Professional Help
                      • Impact and Considerations

                        Reasons Why People File for Bankruptcy

                        contributorcontributorcontributor
                        2.5 minute read
                        FinanceBusinessLaw and Legal IssuesBankingInvestment
                        A somber image of a gavel resting on a stack of financial documents, symbolizing the legal and financial challenges leading to bankruptcy.
                        Published January 19, 2025
                        Last Updated May 29, 2025
                        contributorcontributorcontributor
                        2.5 minute read

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