Medical debt has outpaced credit card debt and unpaid mortgages as the leading cause of filing for bankruptcy in the United States. According to the latest surveys, nearly two million people are expected to file for...
Category: Medical Debt
While it’s common knowledge that medical debt is one of the largest causes of bankruptcy, there’s an underlying issue that’s often unrecognized: medical expenses can continue. Whether it’s cancer treatments or future...
Millions of Americans are covered by health insurance, but still face mountains of medical debt. While health insurance is supposed to cover protection, nearly 75 percent of people who file for bankruptcy do so because of...
With medical debt burdening one in five Americans and causing over 60 percent of bankruptcies, it’s no wonder there’s been a political and populist outcry over health care! As employers begin trimming health coverage and...
28 Feb, 2013
Is Bankruptcy a Solution for Medical Debt?
According to the latest statistics, overwhelming medical debt is the number one contributor to bankruptcies across the nation. More than 60 percent of those who apply for bankruptcy cannot pay medical debt and costs that now...
