Reasons People File Bankruptcy in Missouri

The 5 main challenges that force many into bankruptcy

causes for bankruptcy in Missouri

Top 5 reasons why people file bankruptcy

Bankruptcy is rarely anticipated. Usually there is some sort of event or problem that arises that is too tough to face and requires filing bankruptcy in Missouri to resolve it. Here are the top 5 reasons people file bankruptcy.

  1. Medical Expenses: Doctor bills can escalate to thousands of dollars for some treatments. This quickly becomes an unpayable bill for many.
  2. Unemployment: Joblessness is one of the toughest  challenges to face because the bills keep coming but income stops. Those without savings find themselves underwater in a hurry.
  3. Spending too Much: Overspending or overextending themselves, many find credit card debt, home payments, and car loans to become very burdensome.
  4. Divorce: Divorce brings financial strain through alimony, child support, and court costs.
  5. Unexpected disaster: Property damage can become too much to repair with hurricanes, tornadoes, earthquakes, and other disasters.

We can help you eliminate your debt if you are facing one or many of these issues. Our goal is to get you back on your feet again.

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