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Episode 3249:
The DebtMD Team breaks down the most common, often unavoidable, reasons people file for bankruptcy from overwhelming medical bills and job loss to divorce and student debt. By reframing bankruptcy as a strategic reset rather than a personal failure, they offer clarity and potential paths forward for those navigating financial hardship.
Read along with the original article(s) here: https://www.debtmd.com/blog/the-most-common-reasons-people-file-for-bankruptcy
Quotes to ponder:
"Medical expenses are actually one of the biggest reasons people file for bankruptcy."
"Despite the usual daily expenses, losing your job also acquires more expenditures."
"Bankruptcy might not always be seen as the best solution to go with."
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Optimal Finance Daily - Financial Independence and Money Advice