What Are the Top Reasons People File Bankruptcy?

A lot of people think, no matter what kind of debt i have, i can just get rid of it through a bankruptcy. But that's not the case. It is mostly people were something terrible happens to them. A lot of them will file chapter seven. That quick it's done in four months. And you lose anything. The garnishment system is what tends to force people to do something. They've got to stop that coming out of their pay check. So they may follow straiht bankruptcy chapter seven, or may follow chapter 13 and be able to pays more of a repayment plan. There are things that can be discharged through bankruptcy and the things that can't.