What are the
reasons for filing chapter 7?
The most common reasons
for filing a Chapter 7 bankruptcy include such things as:
extended periods of unemployment, causing
the debtor to be unable to pay his or her debts as they become due
large and often unanticipated medical
seriously overextended credit beyond
the debtor's ability to repay, often accompanied by unreasonably high interest
marital problems which lead to financial
Other large unexpected expenses.