Unless you are uber-rich, you may only be an illness away from bankruptcy. As early as 2009, CNN reported that 62 percent of all United States personal bankruptcies could be traced to medical bills. Even more shocking, many of those forced into bankruptcy by medical bills are middle class people with health insurance. What is going on?
Every year more women file for bankruptcy than men do. On average, these women are Caucasian, married, and middle-aged. While these women are employed, their annual salary is less than $40,000. The majority of these women do have a high school education, are paying on college loans and have overextended their credit. The highest numbers
The Bankruptcy Process For Someone With Medical Debt from Stephen Kass Many people think bankruptcy only happens to people who were financially irresponsible. In fact, over 60 percent of all bankruptcies are caused by medical bills, and it wasn’t always because the person didn’t have insurance. Whether it’s due to a high deductible, policy exclusions for emergency transportation
Many borrowers turn to payday loans when they fall upon hard times. Once you are involved in the cycle of payday loans, it can be nearly impossible to break free. If you miss a payment, you can rack up thousands of dollars in fees. J.P. Morgan Chase Bank has taken the lead in setting new
Cellfor, a privately held company headquartered in Vancouver, Canada that supplies conifer varietal seedlings to the forest industry, got a court order granting it protection under the Companies’ Creditors Arrangement Act. An order from Justice Harris of the Supreme Court of British Columbia grants a stay of proceedings against all actions and creditors until January