Bankruptcy Basics

Learn the fundamentals of bankruptcy, including Chapter 7, Chapter 13, filing requirements, timelines, and common questions to help you understand your options.

Medical Bankruptcy: 4 Things You Need to Know

When it comes to consumer debt, many people believe it is caused by excessive shopping or poor financial habits. However, did you know that medical debt is currently one of the leading causes of financial ruin? According to the Kaiser Family Foundation (KFF), over 25% of Americans find it challenging to pay their medical bills. Shockingly, a KFF study revealed that 9% of Americans had filed for bankruptcy due to medical bills.

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