Often folks struggle with the ethical issues involved with bankruptcy. Some people believe that it is unethical not pay off their debts, but on the other hand, realize that filing for bankruptcy is the only way they can gain peace of mind. If you have questions like these, get answers to them by speaking to the Buffalo NY Bankruptcy Attorney Stephen K. Underwood. The truth is that many people face a financial crisis at some point in their lives, and the financial crises usually has nothing to do with personal spending habits or financial irresponsibility. The most common reason for filing personal bankruptcy in the United States is medical debt. More people are pushed into bankruptcy every year because they’re unable to afford to pay medical bills. Even if you don't have medical bills, it is generally not irresponsible spending, but loss of income for a period of time causing you to get behind in your bills.