Well, no. But clearly bankruptcies usually include multiple financial stresses. More likely, "i got sick, i had medical bills, i lost my job, my car broke down" kind of thing.

Worth noting the (up to) 60% figure i noted was from a harvard study during the GFC. The more conservative figures have tended towards 20-30% for medical bills being the primary cause of bankruptcy. Even then it seems to still be one of the more common (avoidable) causes of bankruptcy.