6 Leading Causes of Bankruptcy In Uk

O Leading Causes Of Bankruptcy In Uk identify financial problems early, allowing you to get control before things get out of hand Knowing the causes of bankruptcy may help you Medical Bills Job Loss 22% Job Loss 42% UNEMPLOYMENT Recent studies have shown that 42% of all personal bankruptcies are a result of medical expenses 22% of those who file for personal bankruptcy attribute the financial troubles to their unemployment Uncontrolled Spending Divorce 8% 15% CREDIT Legal fees, child support, alimony and the burden of providing for a household on one income can result in ample financial stress Credit card bills, large mortgages, and expensive car payments contribute to bankruptcy Student Loan Poor Financial Planning 1.5% 1% $4$ Not having a sound financial plan can lead to bankruptcy. Financial experts recommend establishing savings for expenses that could lead to debt Student loans won't be eliminated like other unsecured debt, but it possible to consolidate student loans with a bankruptcy may be Developed And Designed In Public Interest By - AdCrofts www.AdCrofts.co.uk Piktochart i make information beautiful