2257: The Most Common Reasons People File for Bankruptcy by the DebtMD Team

Optimal Finance Daily - Financial Independence and Money Advice

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Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 1 April 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

The DebtMD team shares the most common reasons people file for bankruptcy Episode 2257: The Most Common Reasons People File for Bankruptcy by the DebtMD Team With the right information, you can take charge of your finances. DebtMD helps people pay off all types of debt by connecting them with the professional help they need to become debt free. Featured in Forbes, U.S. News & World Report, Yahoo Finance, and Fox Business The original post is located here: https://debtmd.com/blog/reasons-for-bankruptcy Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Royal London, the UK's largest mutual, life, pensions and investment company.
0:08.0	What even is a mutual anywhere? Well, Royal London is customer owned.
0:12.0	It has been since 1861. They work to support customers and wider society,
0:17.0	to help build financial resilience, while investing responsibly,
0:21.0	to help build a future worth returning into.
0:23.0	It really is everyone's business.
0:26.0	Learn more at RoyalLondon.com slash mutuality.
0:30.0	This is Optimal Finance Daily Episode 2257,
0:34.0	the most common reasons people file for bankruptcy,
0:38.0	by the debtmd team at debtmd.com.
0:41.0	And on your host and personal finance enthusiast, Diana Mariam,
0:45.0	thanks so much for joining me on Optimal Finance Daily.
0:49.0	I'm here narrating for you every single day
0:52.0	from some of the best articles on the web when it comes to money and finance.
0:56.0	Now without further ado, let's get right to today's post and optimize your life.
1:05.0	The most common reasons people file for bankruptcy,
1:09.0	by the debtmd team at debtmd.com.
1:13.0	Bankruptcy can be defined as a legal process
1:16.0	through which individuals or businesses who cannot repaid debts to creditors
1:20.0	seek reprieve from some or all of their debts,
1:24.0	by going through a court proceeding where the court trustee
1:27.0	examines both the assets and liabilities of the said individual.
	...

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