The Top 5 reasons Why People Go Bankrupt

Bankruptcy

Bankruptcy comes with social stigma, and many people feel guilt and shame for having to resort to it, but it’s not usually the result of bad decision-making. It tends to happen because of unexpected financial hardship. And if you don’t have a high-income and already carry some debt, those credit card balances and loan payments can quickly become overwhelming and leave you with no other choice but filing for bankruptcy to get some relief. Knowing about the main causes of bankruptcy can help you equip yourself a little bit better…

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