Bankruptcy does not care what your race, sex or religion is. It does not care if you’re upper, middle or lower class. Bankruptcy can happen to anyone and it can become caused from several factors. Divorce, lawsuits, job loss, medical bills, and business failure can all become cause 4 bankruptcy. Society does have led everybody to believe that people who are lazy, irresponsible and careless are the only people who file bankruptcy. Inside all actuality people w/ clean credit history who are homebuyers and have steady jobs are subject to bankruptcy. An example of that is a woman we will call Ann Marie. Ann Marie does have been married 4 twenty-eight years. This girl does not drive and is a homemaker. Her husband oversees all of the finances and suddenly passes away due to heart failure. Ann Marie does have no savings and does have bills 4 her husband’s unexpected funeral. This girl does have monthly bills that are due 4 utilities and the mortgage payment. Harassing bill collection calls are coming inside day and night. Ann Marie is becoming depressed and is left to consider personal bankruptcy.
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