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There is only one acceptable reason for c. 7 bankruptcy: inability to pay your debts when due. You have to show you do not have or expect your income to change, and you you do not have enough excess monthly income to allow you to file a c. 13 instead.

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17y ago

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What are the main reasons for filing bankruptcy?

The main reasons for filing bankruptcy are overwhelming debt, loss of income, medical expenses, and inability to pay bills.


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What are reasons that one would need to visit a bankruptcy law office?

One reason that one would need to visit a bankruptcy law office is in order to file for bankruptcy. Bankruptcy law helps by giving a "fresh start" for the honest, unfortunate debtors out there.


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