Imagine being on the phone, heart pounding, as you hear the total cost of your recent hospital visit. Despite having insurance, the out-of-pocket expenses are staggering, and suddenly, you’re faced with the impossible choice between paying for your health or preserving your financial stability. This is a reality many Americans face, and it’s time we  … Read more

Since the start of the COVID-19 pandemic, nearly a million Americans have died as a result of the virus. Millions more are dealing with the illness’s long-term consequences, including as serious health issues, inability to work, and job loss. When you can’t pay your medical expenses and your health continues to deteriorate, your alternatives for  … Read more

Medical debt can add up quickly, especially at a vulnerable time in your life. Medical debt is one of the top reasons people file for bankruptcy. Even if you have medical insurance, major surgeries or uncovered medical costs like preexisting illness can ruin your financial stability. Uninsured or underinsured Americans worry if they should go  … Read more

Perhaps the worst part of medical debt is its ability to strike at any time through an unexpected illness or accident. Medical debt doesn’t pick favorites either; nearly 1 in 4 adults in America has at least one or more chronic health conditions according to the Center for Disease Control and Prevention. Chronic illnesses require  … Read more

In 2015, a Wall Street Journal article entitled “The Future of Personal Bankruptcy in a Post-Obamacare World” written by bankruptcy reporter Katy Stech, examines a 2014 study of bankruptcy in Massachusetts in an attempt to see how mandatory health insurance, enacted by lawmakers the in 2005, has affected bankruptcy. We weighed in with Texas Bankruptcy  … Read more

There are not too many people that can avoid the high cost of medical bills when a medical tragedy strikes. As a result they end up with a huge debt that they just cannot see any way of paying off. This causes additional stress aside from the health issue itself. Most people would be more  … Read more

Filing Texas bankruptcy can sometimes be a matter of timing. A bankruptcy lawyer is always the best person to consult if you are considering filing bankruptcy, as everyone’s case is unique, everyone’s financial situation is different, and an expert eye will be invaluable in determining the right time to file. For example, if you have  … Read more

By now you may be well aware that medical debt is fully dischargeable in Texas bankruptcy, making it a great and powerful tool in the fight against skyrocketing health care costs. But it does have its limitations, and a big one is this: after filing Chapter 7 bankruptcy, you cannot successfully discharge debts again in  … Read more

Medical debt is a topic that causes some confusion among those looking at potentially filing bankruptcy. Many wonder: will Texas bankruptcy eliminate or reduce my medical debt? By how much? How much will I still have to pay? These questions, like many pertaining to bankruptcy, have both simple answers and complications; for starters, the type  … Read more

Medical debt is a unique type of debt in that it can strike almost without warning. One day you are a healthy, active human being with a great credit score and no outstanding debts, and the next you are faced with a skyrocketing hospital bill and no way to pay, since you cannot work to  … Read more