Tallahassee Lawyers Detail the Pros and Cons of Filing for Bankruptcy

The first things Tallahassee-area residents considering bankruptcy should know is that they are not alone and there is no reason to feel shame. More than one million Americans file for bankruptcy every year, and that majority of bankruptcies are due to financial hardship rather than reckless spending. Outstanding medical expenses have long been a leading cause of the nation’s personal bankruptcies. Other causes include job loss, unaffordable mortgages/foreclosure, and divorce. And, yes, living beyond one’s needs or accumulating too much debt also leads some people into bankruptcy.

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