What are the most common causes of Chapter 13 Bankruptcy?
The most common reasons for consumer bankruptcy are (a) loss of a job or long-term layoffs; (b) loss of overtime hours; (c) lengthy illnesses and large medical expenses; (d) death or disability of a spouse; (e) separation, divorce and marital problems; (f) seriously over extended credit; and (g) large unexpected expenses.
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Posted in Chapter 13 Basics