Anglų skaidrės. Work was daveloped by. Bankruptcy. Reasons, Solutions and Prevention. Bankruptcy is a legal. The word bankruptcy is derived from Italian banca rotta. Reasons. Medical Expenses (42%) Recent. Job Loss (22%) Millions of people are unemployed. Uncontrolled Spending (15%) Credit card bills. Divorce (8%) Legal fees. Unexpected Disaster (7%) Unexpected disasters such as earthquakes. Avoiding Foreclosure (. Data and flexible. Solutions. Avoid Debt - you should try your best to avoid getting new loans. Start Saving - you should try to live within your means and start saving. Thank you for your attention! .