One of the myths that surround bankruptcy is that those who have filed bankruptcy are financially irresponsible. This myth is debunked by the fact that 42% of Americans that file, claim that it is due to medical expenses, of which 78% of those had medical insurance.

The second leading cause of bankruptcy, according to this bankruptcy attorney in San Diego, is unemployment. This creates a financial hardship that is difficult to recover from.

Excessive debts are the third leading cause of ...