Medical Bills May Surpass Credit Card and Mortgage Debt as Leading Cause of Bankruptcy

A recent study continues to confirm one of most leading causes of consumer bankruptcy: medical bills. Yet, the study also brought to light other significant points that may hint medical bills may become the number one reason why bankruptcy is filed. Unpaid medical bills may surpass mortgage debt and credit card debt for various reasons, [...]

By |2018-02-27T13:42:30+00:00March 27th, 2014|Medical Bills|Comments Off on Medical Bills May Surpass Credit Card and Mortgage Debt as Leading Cause of Bankruptcy

When Bankruptcy Can Help You Deal with Medical Debt

Medical bills continue to be one of most common reasons why consumers file bankruptcy. Even if you have health coverage it can be challenging to pay co-pays for doctor visits, prescription medications, and make payments on bills your insurance did not cover. Millions of Americans continue to juggle their finances by trying to make their [...]

By |2017-12-13T00:46:53+00:00February 12th, 2014|Medical Bills|Comments Off on When Bankruptcy Can Help You Deal with Medical Debt

Medical Debt Continues to Be Leading Cause of Bankruptcy

Out of the 70 percent of Americans who file for bankruptcy, over 60 percent of them file due to debt from medical bills. Many consumers continue to struggle in paying medical bills and it continues to be the leading cause of bankruptcy. A recent report looks at how ethnic groups such as Latinos face ongoing [...]

By |2017-12-13T00:47:08+00:00August 29th, 2013|Medical Bills|Comments Off on Medical Debt Continues to Be Leading Cause of Bankruptcy

Medical Debt Continues To Be Driving Force Behind Bankruptcy Filings

A new study confirms what many American households continue to struggle with; debt from medical bills. When it comes to filing for bankruptcy such bills continue to be one of the main reasons why people seek legal protection. Besides rising medical costs, other reasons bankruptcy is commonly filed include unpaid mortgages and credit card debt. [...]

By |2017-12-13T00:47:18+00:00June 28th, 2013|Medical Bills|Comments Off on Medical Debt Continues To Be Driving Force Behind Bankruptcy Filings

Rising Drug Costs Contributing to Personal Bankruptcy Filings

Medical debt continues to be one of the most common reasons why people file personal bankruptcy. Yet, recent studies may provide evidence that rising drug costs are partly to blame. Medical debt related to unpaid bills is one matter, but for those who are dealing with a medical illness, the rising cost of medicine is [...]

By |2017-12-13T00:47:30+00:00May 22nd, 2013|Medical Bills|Comments Off on Rising Drug Costs Contributing to Personal Bankruptcy Filings

Using Bankruptcy to Stop Medical Debt Collections

Filing Bankruptcy to Stop Medical Debt CollectionsMedical debt continues to be one of the top reasons why bankruptcy is filed.  Yet, many debtors are unaware of how the filing process can help stop medical debt collections. Whether you're facing a pending lawsuit for an outstanding balance, having wages or funds garnished from your account, need [...]

By |2017-12-13T00:47:44+00:00April 2nd, 2013|Medical Bills|Comments Off on Using Bankruptcy to Stop Medical Debt Collections

Can I File Bankruptcy for Just Medical Debt Only?

Medical bills continue to be one of the main reasons why consumers seek bankruptcy protection. Anyone who has dealt with a long term illness, hospitalization, being underinsured or no medical coverage is aware of rising healthcare costs. Even a brief stay at the hospital has been known to create a financial burden on monthly living [...]

By |2017-12-13T00:48:00+00:00March 25th, 2013|Medical Bills|Comments Off on Can I File Bankruptcy for Just Medical Debt Only?

Medical Bills Continue to Be Leading Cause of Consumer Bankruptcy Filings

A 2007 study completed by the American Journal of Medicine looked at statistics of consumers who filed bankruptcy and found that 90 percent of consumers who filed bankruptcy due to mounting medical bills had $5,000 or more in medical debt .  Even consumers with medical coverage have been subject to increased medical costs since their [...]

By |2017-12-13T00:48:12+00:00November 5th, 2012|Medical Bills|Comments Off on Medical Bills Continue to Be Leading Cause of Consumer Bankruptcy Filings

Medical Debt of a Victim

Unfortunately with medical bills they don't solely rack up from falling ill or injuring yourself in an accident. There are some that face medical bills because they became a victim to a crime. When a crime occurs, such as a mugging, the ambulance is called and you are rushed to the emergency room (if necessary) [...]

By |2017-12-13T00:48:31+00:00October 5th, 2012|Medical Bills|Comments Off on Medical Debt of a Victim

Medical Bills Up to Seven Figures

In 2010, Steven Stacey was in a very bad car accident involving his cousin and two friends. Although his mother, Michelle, was notified she did not get much detail when the accident occurred. As her son fought for his life and underwent an operation at the Saint Francis Medical Center in Missouri, Michelle did what [...]

By |2017-12-13T00:48:44+00:00October 2nd, 2012|Medical Bills|Comments Off on Medical Bills Up to Seven Figures