Why do People File Bankruptcy?

Here are the top reasons why people file for bankruptcy:

Credit card bills (63%)
Job loss or pay cut in the family (50%)
Mismanagement of personal finances (37%)
Medical bills (28%)
Difficulties with a business they own (15%)
Divorce or breakup of a marriage (13%)
Lawsuit or legal bills (12%)
Taxes (10%)
College expenses (8%)
Death [...]