The Allmand Law Firm, PLLC Difference

Unlike most bankruptcy firms in the Dallas / Fort-Worth area, Allmand Law Firm, PLLC spends the time to understand the complete financial picture for every one of our clients. We provide resources, tools and advice to address the unique needs of North Texans.

Millions of Americans File Bankruptcy Due To Overwhelming Medical Bills

Posted By Allmand Law Firm, PLLC || 18-Sep-2008

Did you know that millions of Americans struggle to pay medical bills? That's shocking! In fact the Washington Post reported that 79 million Americans struggle to pay their medical bills. Nearly two-thirds of adult Americans reported that they struggled to pay medical bills or debt, had to refuse needed care due to cost, or were uninsured or underinsured, resulting in high out-of-pocket medical costs.

In a story featured in the Statesman, a woman reconnected with her high school sweetheart during middle age, but soon after, lost him to liver disease. After his death, she soon went broke trying to pay her spouse's medical bills. Eventually she filed for bankruptcy, but not before she had lost her home.

When Things Feel Out of Control

Medical bills are a leading cause of financial stress in this country, but too many people wait too long before they get help and take a serious inventory of their financial picture. It’s important to know if those moments that all is not lost. There are several options available to you that can help improve your situation and move you to financial empowerment. For example, sometimes you can restructure or even settle medical debt; but you do need to move fast. Once your medical bills go to a debt collection agency it will be much more difficult to negotiate a settlement.

Contact a Dallas Bankruptcy Lawyer

If you see that your medical bills are causing you to fall behind on payments for the financial essentials such as housing, food, and savings for an emergency, it may be time to seek help from a professional debt counselor. Contact Allmand Law today and speak with our Dallas bankruptcy lawyer during a free, initial case evaluation. We can assess you options and help you get started addressing your financial concerns.

Categories: Medical Bills, Bankruptcy
Blog Home