Medical Debt

Medical debt refers to debt incurred by individuals due to health care costs and related expenses.Medical debt is different from other forms of debt, because it is usually incurred accidentally or faultlessly. People do not plan to fall ill or hurt themselves, and health care remedies are often unavoidable; medical debt is often treated with more sympathy than other kinds of debt resulting in advice that people ought not try to convert it to credit card debt.
Posts about Medical Debt
  • Should You File Bankruptcy on Your Medical Debt?

    … Should You File Bankruptcy on Your Medical Debt? Posted on Aug 19, 2016 By Amy Tanner August 19, 2016 by Amy Tanner For many Americans, the answer to this question should be yes! Medical debt is currently one of the leading reasons that people file for bankruptcy. I see that in my day to day practice and, if I am ever asked to pinpoint…

    Amy Tanner/ Bond and Botes- 24 readers -
  • Should You File Bankruptcy on my Medical Debt?

    … Should You File Bankruptcy on my Medical Debt? Posted on Aug 19, 2016 By Amy Tanner August 19, 2016 by Amy Tanner aFor many Americans, the answer to this question should be yes! Medical debt is currently one of the leading reasons that people file for bankruptcy. I see that in my day to day practice and, if I am ever asked to pinpoint…

    Amy Tanner/ Bond and Botes- 31 readers -
  • Cancer and Bankruptcy

    … Cancer and Bankruptcy Posted on Jun 17, 2016 By Amy Tanner June 17, 2016 by Amy Tanner Cancer and Bankruptcy? Unfortunately, these two issues, one medical and one legal, many times go hand in hand. A recent report by Reuters Health citing a study conducted by Dr. Matthew Banegas at the Kaiser Permanente Center for Health Research in Portland…

    Amy Tanner/ Bond and Botes- 26 readers -
  • Debt Buyers Beware – John Oliver’s on the Case

    … comedian with a reputation for lampooning the absurdities of life, John Oliver now appears on HBO in his own show each week. In last week’s episode, John Oliver created a fake debt buying company (sneakingly called CARP, a bottom feeder) and was able to promptly purchase 15 million dollar’s worth of charged off medical debt (comprising the debt…

    Bond and Botes- 32 readers -
  • How Obamacare Benefits Car Accident Victims

    … a mountain of medical debt from accidents. As of 2015, almost 17 million U.S. residents have gained health care coverage under the new law. Now when one of these individuals is hurt in a car accident, they can turn to their own health insurance to pay their medical bills instead of trying to get the care they need on their own income and savings…

    Jared Staver/ Chicago Personal Injury Lawyer- 52 readers -
  • Immigrants May Still Pursue the American Dream Even When Pursuing Bankruptcy

    …, when a family member falls ill, the medical bills can become astronomical, and that family member can no longer work and provide for his or her family which can lead to a financial catastrophe. Filing bankruptcy can be a solution which can not only help with the mounting medical debt, but can also assist with recovering peace of mind…

    Bond and Botes- 41 readers -
  • Finding Your Best Option for Financial Relief

    … a fresh start. Of primary consideration for most people is keeping homes, cars, personal property….and SANITY! I generally tell people: If you can make your mortgage payments and car payments on time each month with no problems but you otherwise have a lot of credit card or medical debt that you would be paying on for years because of the interest…

    Bond and Botes- 25 readers -
  • What Happens at a New York Debt Collection Court Appearance?

    … By: Robert J. Nahoum You’ve been served was a summons and complaint or discovered that you have a default judgment entered against you. It’s a debt collector suing you on an old credit card or medical debt. You’ve done your homework on the internet and realized that you can’t simply ignore the case as that will only make things worse. You’ve…

    The Law Offices of Robert J Nahoum- 31 readers -
  • Action Against Medical Debt Collector

    …The federal Consumer Financial Protection Bureau (the "CFPB") announced today that it has taken action against a medical debt collection company in regard to the manner it handled consumer credit reporting disputes and consumer debt collection rights. The CFPB reports that the collection company's practices potentially affected the credit scores…

    Jordan Bublick/ Miami Bankruptcy Law Blog- 14 readers -
  • How You Can Fight Back Against Abusive Debt Collectors

    … agencies comes from medical debt, student loans, credit cards, auto loans, and mortgages. The use of consumer credit is expanding and the debt collection industry is expected to grow over the next five years. Most Common Abusive Debt Collection Practices Abusive collection tactics can come in many forms. According to the federal Consumer Financial…

    Ed Woods/ Bond and Botes- 33 readers -
  • What is a Limited Scope Engagement?

    … By: Robert J. Nahoum THE PROBLEM: You’ve been served was a summons and complaint or discovered that you have a default judgment entered against you. It’s a debt collector suing you on an old credit card or medical debt. You’ve done your homework on the internet and realized that you can’t simply ignore the case as that will only make things…

    The Law Offices of Robert J Nahoum- 29 readers -
  • Will I Have to Appear In Court in a Debt Collection Lawsuit?

    … By: Robert J. Nahoum The Problem: You’ve been served was a summons and complaint or discovered that you have a default judgment entered against you. It’s a debt collector suing you on an old credit card or medical debt. You’ve done your homework on the internet and realized that you can’t simply ignore the case as that will only make things…

    The Law Offices of Robert J Nahoum- 25 readers -
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