Who declares bankruptcyThe individuals and business who file for bankruptcy have far more debts than money to cover them and don’t see that changing anytime soon. There were 844,495 bankruptcy cases filed in 2015, and 97% of them (819,760) were filed by individuals. Most of the people filing bankruptcy were not particularly wealthy. There are many factors that go into people filing for bankruptcy but what are the main reasons? Medical expensesA study done by Harvard University revealed that the leading cause to bankruptcy is due to medical expenses.

Source: Punch June 20, 2019 23:37 UTC