personal bankruptcy often happens when a person\nplans to move to another state and get a new job in a…

personal bankruptcy often happens when a person\nplans to move to another state and get a new job in a different industry.\nhas a very high mortgage being paid each month.\nowns assets worth more than money owed.\nhas overwhelming medical bills and unsecured loans that cannot be paid.

personal bankruptcy often happens when a person\nplans to move to another state and get a new job in a different industry.\nhas a very high mortgage being paid each month.\nowns assets worth more than money owed.\nhas overwhelming medical bills and unsecured loans that cannot be paid.

Answer

Answer:

has overwhelming medical bills and unsecured loans that cannot be paid.

Brief Explanations:

Personal bankruptcy usually occurs due to inability to pay debts like medical bills and unsecured loans. High - mortgage alone or having more assets than debt don't typically lead to bankruptcy. Moving to another state for a job isn't related to bankruptcy cause.