Reason Why People Go Bankrupt

Reas ons Why People Go Bankrupt Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors Medical Expenses People who lost their health insurance while still ill or still receiving treatment ended up owing 1.25 times more than people who didn't have insurance at all 7718 Loss of Income Those who are unable to find similar gainful employment for an extended period of time may not be able to recover from the lack of income Excess Use of Credit Some people simply can't control their spending.. Credit card bills, installment debt, car and other loan payments,that why they go Bankruptcy Unexpected Expenses Loss of property due to theft or casualty, such as earthquakes, floods or tornadoes for which the owner is not insured can force some into bankruptcy 田 Advanteges Of Bankruptcy Bankruptcy will leave you completely debt free You can continue trading as self-employed If you live with parents or have no equity in your property then there is no risk of you losing your home If you are a first time bankrupt you will be discharged from your bankruptcy within 12 months Developed And Designed In public Interest By www.successfulbankruptcy.co.uk Successful Bankruptov Piktochart i make information beautiful