Medical Bankruptcy

How Common Are Medical Bankruptcies?

Call: 888-297-6203 If there is news of a foreclosure happening, a bankruptcy is most likely to happen soon. Los Angeles based bankruptcy law firm Recovery Law Group says that the number of bankruptcies caused due to high amount of medical debt is mindboggling. This happens despite nearly 78% people having health insurance. The gaps in insurance often cause people to incur heavy medical debt which might cause them to file for bankruptcy. In 2009, as many as 60% bankruptcy cases were attributed to medical debts. As per statistics available, in 2012, bankruptcies filed due to medical debts had [...]