1 / 5

Top Reasons Why Most of the People File for Bankruptcy

There are a lot of reasons why most of the people file for bankruptcy. If you want to know the real reason behind it, read further.

naderlawfirm
Download Presentation

Top Reasons Why Most of the People File for Bankruptcy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Nader & Berneman Attorneys at law TOP REASONS WHY MOST OF THE PEOPLE FILE FOR BANKRUPTCY

  2. Over the recent years, there have been many evidences of people filing bankruptcy seeking assistance from a Chapter 7 bankruptcy lawyer Los Angeles.The graph has shown a drastic increase over the years and is continuing to increase day by day. This makes people search for reasons as to why people are falling prey to bankruptcy. If you want to know the real reasons behind it, read further to get to know about a few of them:

  3. Medical Expenses Nobody wishes of falling ill and incurring acute illness can actually drain a considerable sum of money for paying off the hospital bills. According to research, it was found out that above 60% of people fall prey to bankruptcy for meeting the medical expenses.

  4. CREDIT CARD BILLS Credit card is a boon for many but can also be a reason for your fete. Yes, when you fall short of money for paying your emergency requirements, you can step ahead to use your credit card for paying the same. But another thing that one needs to take care of is the bill repayment which if not taken care of can accrue a huge interest sum

  5. Being Fired from a Job We can all very well understand how important a job is for an individual. An individual adheres to a 9 to 6 schedule for earning a livelihood. And, we can understand the adverse effects if someone happens to lose their job. If a person happens to lose his/her job, it may become difficult for them to manage the loan repayments and monthly installments. It may also drain all their savings

More Related