Episode 144 - Why do our clients file bankruptcy?

In this week's episode of The Crushing Debt Podcast, I take a look at the different reasons our clients come to us for bankruptcy protection:

• Divorce
• Loss of a Spouse
• Medical Bills
• An Injury that cause time off work
• Credit Card Debts and Repossessions
• IRS Debt
• Loss of Income / Loss of Job
• Closed Business
• Foreclosure
• Student Loans

These types of debts do not discriminate between Chapter 7 & 13, and neither chapter necessarily better or worse to deal with these debts (look for a future episode on the difference between Chapter 7 Liquidation and Chapter 13 Reorganization, or check out our blog).

Please contact me at [e-mail] or www.yesnerlaw.com with what other reasons you think people might file for bankruptcy, or questions you have around these different debts.