Medical Costs and Personal Bankruptcy
According to Yahoo.com, Harvard Researchers conducted a study that revealed in the U.S. in 2007 that medical problems caused 62% of all personal bankruptcies filed. Factors such as high medical costs in which families were forced to mortgage their home or medical problems causing loss of income contributed to financial turmoil. Many families are also forced to charge medical costs on their credit cards in order to pay off expenses. The complete story on the Harvard study can be found here.
If you or your family are suffering from financial distress caused by medical problems then bankruptcy may be the right solution. To schedule a free consultation with Fears | Nachawati contact us toll free at 1-866-705-7584 or via e-mail at info@fnlawfirm.com.
