Medical debt is one of the most common reasons why American's file for bankruptcy. With the rising cost of medical debt, many are looking to get help or even rid this debt by filing bankruptcy. Filing either a Chapter 7 or Chapter 13 bankruptcy can help you with your medical debt. Here's how: Chapter [...]
Nearly one million Americans file for bankruptcy each year because of medical debt. A sudden illness or accident could put you underwater overnight. And while bankruptcy is not the only option, it remains one of the most powerful tools that debtors have to find financial relief. In this article, we discuss how to get rid of [...]
When medical debt becomes unmanageable, it can be recipe for financial ruin. But can you file bankruptcy on medical bills? Yes — in fact, it’s one of the primary reasons most people file bankruptcy. Below, we discuss the process of eliminating medical debt through both Chapter 7 and Chapter 13. Medical Debt Is a Leading Factor in Bankruptcy Filings [...]
Medical Bill Debt up to Seven Figures In 2010, Steven Stacey was in a very bad car accident involving his cousin and two friends. Although his mother, Michelle, was notified she did not get much detail when the accident occurred. As her son fought for his life and underwent an operation at the Saint Francis [...]
Detecting Medical Billing Errors Can Help You Reduce Debt Need Help Detecting Medical Billing Errors? We often tell our readers that reviewing their medical bills for errors is essential, that it can help them get payments from their insurance company and save money on medical bills. To learn more about how to reduce medical debt, [...]
Medical Update: More costs likely to be passed on to consumers According to an article this Sunday in the Dallas Morning News, "It's open season, and time to rethink your health plan," this is the year to rework and review your health insurance coverage. Over the last several months, many workers crammed in last minute [...]
A Deeper Look at Medical Bankruptcy Bankruptcy is a big decision to make as it can save you from financial ruin. If you're thinking about filing for bankruptcy due to your medical debt , you should take a deeper look and review the pros and cons of filing bankruptcy. The first thing to realize is [...]
Medical debt continues to be one of the most common reasons why people file personal bankruptcy. Yet, recent studies may provide evidence that rising drug costs are partly to blame. Medical debt related to unpaid bills is one matter, but for those who are dealing with a medical illness, the rising cost of medicine is [...]
Healthcare bills are a growing crisis among Americans, even those with insurance are having a hard time paying their medical expenses . One of the best ways to combat medical debt is by taking advantage of as much free healthcare as you possibly can. Typically these free medical services are preventative or diagnostic in nature, [...]
Very few people read all of the information they're provided when they sign up for health insurance, and this could be costing you money. If you sit down and actually go through your health care information you will learn what providers you can see, when you can get coverage for certain procedures, how much coverage [...]
