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

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 costs continue to rise, more families are seeking the advice of a Dallas bankruptcy attorney to relieve their financial stress.  … Read more

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 compose over 15% of the United States GDP. Unexpected illness or injury costs the average privately insured family approximately  … Read more

Unlike many forms of debt, medical debt generally arrives out of the unexpected: an illness or injury. The surprise aspect of medical debt generally means that such a great debt arrives suddenly and out of the blue, hurting your credit and finances and leaving you forced to consider bankruptcy. As it turns out, medical debt  … Read more

In a day and time where the so many are underinsured, or uninsured altogether, medical debt is an increasing problem. A recent study shows that even minor amounts of medical debt can result in an increase in bankruptcy filings. Painful Facts Since 1990, the number of consumers filing for bankruptcy due to overwhelming medical debts  … Read more

One of the leading sources of large debt burdens by Americans today is medical bills. With meager healthcare options and high premiums, many people are underinsured, or uninsured all together. When illness or injury strikes, many people can walk away from a simple emergency room visit with thousands of dollars in debt liabilities. Getting Financially  … Read more

One of the unfortunate aspects of medical debt is that it is often a source of overwhelming financial burden. Even a short trip to the emergency room can leave you thousands of dollars in debt. While filing for bankruptcy is one way to resolve medical debts, there are some things you can do to try  … Read more

Many Dallas bankruptcy cases arise due to overwhelming medical debts. As the cost of medical care rises, so does the rate of default. Although suffering an illness or injury requiring medical attention can’t be avoided, some of the charges on your bill may. Costly Errors Medical bills can be both confusing and stressful. In many  … Read more