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February 2020 Archives

Cancer patients often face financial ruin

There really isn't any reason why a person who is diagnosed with cancer should burn through their entire life assets just to get the treatment they need. Unfortunately, this is a reality for about half of the cancer patients in this country. The cost of treatments, even for those with medical insurance, is so high that it can often force patients to choose between getting the care they need and paying for life's necessities.

If you're in over your head with debt, bankruptcy may be helpful

Your credit card debt grew out of control when you were with your ex-boyfriend. You spent money to cover his debts, and you put them on your credit cards because he said he'd pay you back. That, of course, didn't happen. Now that you've broken up, it won't either. You're mad that you didn't realize what a huge amount of debt you'd taken on. Hindsight is 20/20.

More senior citizens are filing for medical bankruptcy

Anyone who suffers from a sudden injury or illness is at risk of having considerable medical bills. Some assume that having good insurance will protect them from this; however, they aren't taking co-pays, deductibles and expenses that aren't covered into account. Unfortunately, there is one demographic of individuals who is facing an increased chance of having financial difficulties because of medical bills – senior citizens.