You may think personal bankruptcies are the result of job loss or wild credit card spending.
But a new study published in The American Journal of Medicine says the biggest reason for going into bankruptcy is medical debt.
Early Show national correspondent Hattie Kauffman reports the study says getting sick is a factor in 62 percent of personal bankruptcies -- an increase from just eight percent in 1981.
And among those who filed for bankruptcy, 75 percent reported having some type of medical insurance. But The Washington Post says people in bankruptcy with insurance were nearly $18,000 in the red. And those without insurance had an average of almost $27,000 in medical debt.