For medical bills, payday loans are the opposite of debt relief

Medical bills can hit you like a ton of bricks. Even people with health insurance can suddenly find themselves owing more than they imagined – because taking on that debt it seemed like the only way to get the care they or a family member desperately needed. In the San Antonio area and throughout the […]

Seeking to discharge, not swallow, the bitter pill of medical debt

Three years after the passage of the Affordable Care Act (ACA), medical debt remains the biggest cause of bankruptcy. A year ago, U.S. Supreme Court upheld the law. Yet the insurance overhaul it requires has still not fully taken effect. And meanwhile, 49 million Americans remain without health insurance. Given the scandalously high cost of […]

Kids and medical costs: what if parents don’t pay?

It’s well known that medical debt is one of the leading causes of bankruptcy. Even when someone has insurance, he or she may be only one serious illness away from overwhelming medical bills – and the need to seek debt relief. What happens, however, when the overwhelming medical bills are for a child? If the […]

Unpaid medical bills and credit reports

It is a widely known fact that medical debt is the leading cause of bankruptcy. Even people with insurance are only one catastrophic illness away from bills they cannot really pay – and hence the need for a financial fresh start through a bankruptcy filing. Less well known, however, is the negative effect that unpaid […]

Even Many People With Health Insurance Struggle to Medical Bills

Medical bills are of course a problem for many people without insurance. But, to a surprising degree, even many people with insurance can encounter problems with paying for medical procedures, prescription drugs or hospital visits. As a result, medical debt remains one of the most common causes of consumer bankruptcy. Why doesn’t having health insurance […]

Why Payday Loans Don’t Pay

Even during trying moments, most of us hold onto the dreams and plans we have for living a more comfortable financial life. For too many Americans, however, that hope is growing dimmer. Today, more and more of us are living “paycheck to paycheck”. This means that they rely on each and every paycheck to cover […]

Chapter 13: A Life Raft In a Sea of Debt

A sad fact of today is that more and more households are experiencing financial troubles. Most of us either personally know someone or have ourselves been affected by the recent economic downturn. With state governments running deeply in the red, resulting in further layoffs, furloughs and potential cuts in assistance, these troubles are likely to […]

Basics of Personal Bankruptcy

According to the National Bankruptcy Center, in 2009 1.41 million Americans filed for personal bankruptcy. Job losses and decreased income nationwide fueled the surge in filings, which showed an increase of over 32% from the year before. With more and more people feeling the weight of debt, many are asking if bankruptcy is an option […]

Chapter 11 versus Chapter 13 Bankruptcy

The financial crisis is taking a toll on many Americans. The unemployment rate is higher than it has been in years and many people are finding themselves upside down on their homes. Owing more on your home than it is currently worth is a very difficult situation, especially if you don’t have a job to […]

The Emotional Effects of Declaring Bankruptcy

Filing for bankruptcy can be a shameful and disheartening process for most people. People typically associate their wealth with their personal and professional achievements. The path to professional achievement can be very spiritual and some people feel a deep connection to their net worth. With others, money is not just a personal asset, but it […]

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