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What are the most common reasons for personal bankruptcy?

Some of the most common contributing factors to personal bankruptcy are: credit card debt, significant medical bills and other unexpected large debts, loss of employment and marital problems. The last item on the list may seem surprising but marital problems can lead a couple to go from sharing a residence to having two separate residences. The second rental or mortgage bill is a significant additional expense.

To find out more information about what you need to do to complete a Chapter 7 bankruptcy in Minnesota, please contact an experienced Minneapolis Chapter 7 bankruptcy lawyer at (952) 388-2942 or (800) 619-8991 and please read our FREE book: What You Need to Know About Filing Bankruptcy in Minnesota.

Barry Rosenzweig
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Barry Rosenzweig, has 25 years experience as an attorney helping clients solve their legal problems.