The Top Causes of Bankruptcy

CAUSES OF BANKRUPTCY TOP 5 MOST COMMON REASONS #1 MEDICAL EXPENSES #2 JOB LOSS #3 POOR USE OF CREDIT #4 DIVORCE UNEXPECTED EXPENSES #5 Ex. Earthquakes, floods, or theft BOTTOM LINE Planning for the future and being cautious with credit are two ways to stay out of debt. Before making any big decisions regarding money, it is always recommended that a fínancial counselor be consulted. The bottom line: to stay out of bankruptcy, one must plan for the unexpected. REFERENCES http://www.forbes.com/2010/03/25/why-people-go-bankrupt- personal-finance-bankruptcy.html