Chapter 7 Filers Cite Medical Debts as a Main Reason for Filing
Today, many Americans are suffering from extreme medical debt. Medical debt is money owed to a physician, medical facility or other healthcare provider. These days, a simple health procedure could create a deep hole in your pocket, leaving you penniless. This is true even for those with health insurance. Modern insurance plans have so many co-payments and deductibles, which may make covered medical treatment expensive.
Therefore, it is no surprise that Chapter 7 bankruptcy filers often cite medical debts as the main reason for filing. Chapter 7 bankruptcy releases your ...


