1.Click anywhere in the box below & press Control A to select all.This article talks about the causes for bankruptcy:
Specifically it mentions medical debt & the credit card bills that are associated with it…
Read the whole article here:
http://meganmcardle.theatlantic.com/archives/2009/02/what_causes_personal_bankruptc.php
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3 Comments
I do believe in this article. If we live with in our means there is no possibility of overspending. However, we don’t live life with all else constant. We do spend for medications because it is a must. In some occassions, we also get shun by the luxuries of life. These luxuries are something that we can live without yet we get tempted to buy them. So I suggest every person should buy these things in moderation. All of us should go with our necessities especially at times like this; except of course if you are earning billions a year..
Major reasons that causes personal bankruptcy are probably medical debt and credit card bills. The most important thing is right management of income and expanses.
Great article. I was searching around for a good, helpful article on personal bankruptcy, and this is just what the doctor ordered.
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