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

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 bankruptcy due to astronomical unpaid medical bills. Luckily, filing for bankruptcy can help ease some of the burden, and  … Read more

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 complications, the need for medical treatment can continue beyond the medical debt that triggered the need for a bankruptcy. So what happens when  … Read more

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 medical debt. Even with health insurance, coverage can be capped. In Austin, Texas, 64-year-old Lawrence Yurdin amassed $150,000 in  … Read more