Q. What Are Common Reasons People File Bankruptcy?
A. There are many reasons why someone would file bankruptcy. The most obvious is to eliminate debt.
Additional reasons include:
• To stop harassing, threatening, or annoying phone calls
• To stop wages from being garnished
• To end lawsuits or tax levies
• To force tax authorities to accept installment payment plans
• To terminate leases
• To lower interest rates
• To reduce amounts owed on loans
• To
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