Category Archives: Medical Bills

Bankruptcy and Medical Debt

Ohio Debt Relief, Credit Counseling & Bankruptcy Attorney

Some reports suggest that approximately 62% of bankruptcies are a result of medical bills and illnesses resulting in a loss of income. Many of these filers had health insurance. They assumed they would be covered in the event of an illness or accident. Not Covered by Insurance Several things can result in unmanageable medical debt, […]

Medical Debt Problems Cause Bankruptcy

Ohio Debt Relief, Credit Counseling & Bankruptcy Attorney

In the midst of the healthcare debate among the nation’s governing body lies a bigger issue. The amount of medical debt families face is a real problem. Cancer, chronic illness or a major accident can all saddle families with unbearable medical debt. For many, those medical debt problems cause bankruptcy. Fortunately, the bankruptcy process can […]

Medical Debt Rates Under The Affordable Care Act

Ohio Debt Relief, Credit Counseling & Bankruptcy Attorney

A survey conducted in 2009 regarding the largest contributing factor among bankruptcy filings found that 62% of cases filed were rooted in medical debt problems. With the push to reform the healthcare system to provide better coverage to everyone, the Affordable Care Act sought to bring changes in 2010. Since then, the question remains: Has […]

Will The Affordable Care Act Slow Bankruptcies?

Ohio Debt Relief, Credit Counseling & Bankruptcy Attorney

With the majority of Americans taking advantage of the extremely cheap credit that has been available in the past few years due to interest rates remaining at all-time lows for extended periods of time, you could not be faulted for thinking that bankruptcies must be a result of over extensions by people accessing that credit […]

Can My Medical Care Suffer If I Have Gone Bankrupt?

Ohio Debt Relief, Credit Counseling & Bankruptcy Attorney

In countries that practice single payer or any other “socialized” type of health care when a person goes bankrupt, they never give a second thought of the ramifications of that action on their personal health care. They discharge their debts and breathe a sigh of relief that it is over and done with for the […]

Medical Debt Is a Leading Cause Of Bankruptcy?

Ohio Debt Relief, Credit Counseling & Bankruptcy Attorney

One of the most common causes of individuals having to go bankrupt is because of being laden with medical debt that they simply cannot handle. Medical Debt Disasters Many families that have been financially stable and are able to handle their finances can soon be faced with a change when they are hit with a […]