What is one of the major reasons that many people end up in financial trouble and

have to consider bankruptcy?

A. They do not know how to budget.

B. They have plenty of money saved.

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C. They do not know the bankruptcy laws.

D. A bankruptcy attorney told them to file for bankruptcy.

The answer is A.

Explanation:

Many people end up in financial trouble, because they do not know how to budget their expenditures. They sometimes set un-achievable targets, so they cannot achieve them and the result is the low income. Sometimes, they go beyond the limits while making expenditures and face short of cash. So, they end up in financial troubles. In such a situation, they fail to meet their liabilities, be it a supplier payment or a loan/credit card payment to bank, ending up in bankruptcy, where they need to sell their assets to meet their liabilities.