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Bankruptcy Archives

Is Bankruptcy In Central Texas Your Fault?

For my central Texas clients, the two leading causes of bankruptcy are personal or family illnesses with no or inadequate health insurance, and the loss of a job. This is not unusual: As many as 62 percent of bankruptcies were caused by medical costs, according to a Harvard study. Close to three out of four health-cost related bankruptcies are filed by people whose health insurance, unfortunately, was inadequate. Nationally, about 22 percent of bankruptcy filings are linked to a job loss.