Life Events That Can Lead to Financial Ruin: What You Need to Know

Nobody plans for bankruptcy. Yet, every year, hundreds of thousands of Americans find themselves facing this difficult decision, with an increasing number declaring bankruptcy each year. While it's easy to assume that financial irresponsibility leads to bankruptcy, the reality is far more complex. Most people who file for bankruptcy are hardworking individuals who encountered unexpected life circumstances beyond their control.

Understanding the most common triggers can help you recognize warning signs and take proactive steps to protect your financial future. More importantly, if you're already facing these challenges, knowing you're not alone — and that solutions exist — can provide hope during a difficult time.

The bankruptcy attorney at the Law Office of Michael Schwartz will break down the four major life events that most frequently push families toward bankruptcy and explore what options are available when debt ...