A big misconception about bankruptcy is that it is the result of poor money management or that it is somehow the fault of the debtor. Although there are cases in which poor money management and overspending lead to bankruptcy, the majority of bankruptcy cases are caused by unforeseen circumstances such as job loss, divorce, or medical illness.
The number one cause of bankruptcy cases is medical debt. Today’s health care insurance options are far from satisfactory. Even if someone can afford to have health insurance, chances are their policy doesn’t provide adequate coverage for many conditions. Serious conditions are often excluded from eligibility and treatment for conditions like cancer or chronic illness can costs hundreds of thousands of dollars.
Bankruptcy is one option that can quickly relieve medical debt burdens. In fact, medical debt is one of the easiest debts to have discharged in bankruptcy. If you or someone you know is suffering from overwhelming medical debt, or any debt that they feel they cannot recover from, contact Attorney Roger L. Weaver at 614-834-1750 for a free consultation. There are ways out! We can help!