Crushing Debt Podcast
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- 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 Shawn@Yesnerlaw.com or www.yesnerlaw.com with what other reasons you think people might file for bankruptcy, or questions you have around these different debts.