medical debts

Medical Debts Might Lead To Filing For Bankruptcy

Call: 888-297-6203 According to the Census Bureau, one out of six Americans does not have health insurance. Thus, suffering from an illness or other medical problems has become one of the most common reasons to file for bankruptcy. Most of us are surviving on the edge in the current economic circumstances. According to the data of the Census, revolving debt of about $5,100 is carried by the average American cardholder at any one time. It takes only an illness or an accident to make people fall behind on their bills. After that, the rates of interest are increased [...]


Can Medical Debts Be Responsible For Your Bankruptcy?

Call: 888-297-6203 Filing for bankruptcy is an unfortunate event that may or may not be because of the individual. Sometimes, ill-advised investment or spending beyond your means can be the reason for incurring a huge amount of debts. However, many times, it is unfortunate circumstances like loss of job, costly divorce, unplanned pregnancy or huge medical bills that can be the reason for a bankruptcy filing, say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group. Illness is one of the most common causes which leads to bankruptcy filing with nearly 62% of bankruptcy cases attributed [...]