Has anyone been bankrupt and why?



Answers:
Bankruptcy is a way out if you are in severe debt. Your debts are wiped once you declare bankruptcy, people do it for many reasons, some people do it for a living! Don't worry it only last 12 months after which you are solvent again, forget horror stories like can't get a mortgage, lenders and banks are far more sympathetic to ex bankrupts than they used to be. Good luck.
There are several reasons, such as divorce, loss of a job, inflation, failed business decisions, etc.
I have yes, inability to pay debts

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