Bankruptcy Myth: Only the financially irresponsible file for bankruptcy.
Some people do file bankruptcy because of financial irresponsibility. If your first question during a bankruptcy consultation is, “How soon can I file again?”, you might be one of those people. However, most of the clients we see are considering bankruptcy because of uncontrollable life circumstances or understandable but bad judgments. One of the most common reasons we see people file for bankruptcy is because of medical bills. Serious illnesses are not only expensive, but can cause you to miss work. Being unable to work and going to doctor’s appointments that cost thousands each creates a fast-track to financial stress that is unavoidable. If the patient recovers and is able to start working again, these medical bills can evolve into judgments which result in wage garnishments. Bankruptcy can provide the fresh start that people in these types of situations need.