Monthly Archives: August 2025

What is the #1 Cause of Bankruptcies?

Medical bills are the #1 cause of consumer bankruptcies in Illinois. Many hoped the 2010 Affordable Care Act would stem the tide of medical bill bankruptcies. Indeed, the proportion of medical bankruptcies declined from about 65 percent to about 40 percent. However, high medical bills are still the #1 cause. Usually, then money gets… Read More »