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Why people file bankruptcy part 1

Posted by Percy A Lowe on March 13, 2013 at 7:00 AM

Each year, over one million people file for bankruptcy. Most bankruptcies are filed as

a result of not having adequate savings or insurance to cover a job loss, medical

expenses from a catastrophic illness or an accident, divorce, or the loss of a small

business. Bankruptcy can help people get back on their feet by making it possible to

stop wage garnishments and harassing calls from creditors, it may prevent you from

losing your car or home, and it may relieve you of credit card debt so that you can

get control over your finances. Many marriage and health issues also improve

as a result of a bankruptcy.

 

Categories: Bankruptcy Recovery

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