Top 5 Reasons to File Bankruptcy

Top 5 Reasons People File for Bankruptcy

📉 Feeling overwhelmed by debt? You’re not alone. Every year, thousands of people file for bankruptcy to regain financial control. Here are the Top 5 Reasons People File for Bankruptcy:

  1. 💊 Medical Bills – Unexpected health issues can lead to crushing debt—even with insurance.
  2. 💳 Credit Card Debt – High interest rates and minimum payments can quickly spiral out of control.
  3. 💼 Job Loss or Reduced Income – A layoff or pay cut can make it impossible to keep up with bills.
  4. 💔 Divorce or Separation – Legal fees, splitting assets, and new expenses add up fast.
  5. 🏡 Foreclosure or Repossession – Bankruptcy can help stop these processes and protect your assets.

At Leeders Law, we’ve helped thousands of people across Chicagoland—including right here in Chicago, IL—find relief through Chapter 7 and Chapter 13 bankruptcy. You don’t have to face this alone.

📞 Call now for a FREE consultation 312-346-7400
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🏠 Proudly serving Chicago, IL & surrounding areas

✨ It’s not about failure—it’s about a fresh start. Let us help you take that first step.

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About Author

Terrance Leeders

Chicago Bankruptcy Lawyer, husband, father, Cubs fan.

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