Unpaid medical bills are expected to be the number one cause of bankruptcy filings in 2014, surpassing both credit card and mortgages. The sad part is that medical bankruptcy doesn’t just happen to the uninsured – 78% of people that file have insurance, according to the co-founder of GiveForward.
Read more here: http://www.foxbusiness.com/personal-finance/2014/02/18/medical-bankruptcies-are-still-problem-here-what-to-expect/
Medical expenses are growing at a rate higher than inflation, but bankruptcy should be the last option. Contact an attorney who can negotiate a settlement with your medical facility or with a medical bill debt collector.
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Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
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