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What causes Bankruptcy?

Best Hialeah Lawyer for Bankruptcy

Best Hialeah Lawyer for Bankruptcy

When people get into bankruptcy they ask themselves how they got into that mess. Bankruptcy statistics in America are staggering. There are many factors that are in play when it comes to bankruptcy. There have been studies that have shown the main causes of bankruptcy in America. These studies show that bankruptcy has affected many including large corporate companies.

The main and highest reason for bankruptcy usually comes from medical expenses. 62% of all bankruptcies in America are caused from medical expenses. This study was performed at Harvard University. 78% of those bankruptcies had some form of insurance. Serious diseases and injuries as well lead to bankruptcies because they can cost hundreds of thousands of dollars in medical bills. These bills can wipe out life savings, retirement, college education funds and home equity.

Job loss takes up another large portion of all bankruptcies in America. Some cases are lucky enough to receive severance packages and have some help left. Those who are unable to find employment for an extended period of time, may not be able to recover from their job loss.

Some people have faced bankruptcy because of their constant spending. Usually spending of credit is the main reason that many Americans suffer from bankruptcy. Andres Montejo Law Attorney, Best Hialeah Lawyer for Bankruptcy, provides the best debt-consolidation plans in Hialeah.

Divorce or separation can also take a toll on finances and may lead to bankruptcy. First come the legal fees which can take a huge lump from finances. Then you must worry about child support. The Andres Montejo Attorney Best Hialeah Bankruptcy Lawyer for Bankruptcy, provides the best divorce/separation consolidation.

Only the  most experienced and the Best Hialeah Lawyer for Bankruptcy will be able to help you from your financial losses. What ever reason that has led you up to bankruptcy does not decide your fate from this situation. Only with the Best Hialeah Lawyer for Bankruptcy you’ll be free from your bankruptcy issues.

Andres Montejo Law | Best Hialeah Lawyer for Bankruptcy

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