Tagged in: People

5 Reasons Why People File Bankruptcy

If you ask a room full of people what they want to talk about, it is unlikely any of them will say their personal bankruptcy story. The truth is, there is a lot of stigma associated with being in debt. Even though filing is a legal right granted to all consumers in the United States, many people view bankruptcy with shame. Regardless of what leads someone to call a bankruptcy Everett WA lawyer, the process can be difficult to go through. Because of this, it is important to know you are not alone. In 2019, more than 733,000 consumers filed. Here are the main reasons why.

1. Medical Costs

Getting sick can be financially devastating. With the increasing cost of healthcare in the U.S., it may come as little surprise that excessive medical expenses account for over 66% of consumer bankruptcies.

2. Job Loss               

Another common reason people file is …

How People Use Experts

Some professionals in many types of fields make money on the side in less-conventional ways. One of these ways is by providing expert services to those who are less knowledgeable in a particular field. People use these experts in all kinds of ways. Here are two ways they are often used.

In Court          

Expert witnesses are an important part of many trials. For example, in a medical malpractice lawsuit, both sides could potentially benefit from the opinion of a medical expert who can provide the jury with his or her professional opinion on the matter. However, medical professionals are not the only people who provide expert witness services. Attorneys often bring in financial experts, forensic experts, or vocational experts depending on the type of case. These experts usually get paid several hundred dollars an hour, so it can be beneficial for anyone to take these jobs when they are …