What causes people to file a chapter 7 bankruptcy?
What causes people to file a chapter 7 bankruptcy? Featuring Attorney Paul Urich.
Attorney Tom Olsen: Attorney Paul Urich, he's a bankruptcy attorney. He's my guest today. We're taking in all questions. We'd love to have all your bankruptcy questions specifically. Hey Paul, genuinely, what are you finding is driving people into a chapter 7 bankruptcy these days?
Attorney Paul Urich: Well, pretty much it's an overwhelming amount of credit card debt. A lot of people heed the credit cards to bolster the budget. Then they grow and they get to the point where they become a significant part of the budget. It just gets to the point where they can't maintain those credit cards and have a reasonable living.