Many individuals and families are filing bankruptcy due to medical bills. If you are overwhelmed by medical bills, you are not alone. The Center for Disease Control released a report in 2012 that 1 in 4 American households are struggling with medical debt. Even households with public or private insurance are having trouble paying off medical debt. The research data demonstrates a growing number of households facing financial hardship due to medical bills. See the CDC report data below.
 

CONSUMER FINANCIAL PROTECTION BUREAU LAUNCHES PUBLIC INQUIRY INTO STUDENT LOAN SERVICING PRACTICES
Bureau Seeks Information On Industry Practices That Can Create Student Debt Stress

CONSUMER FINANCIAL PROTECTION BUREAU LAUNCHES PUBLIC INQUIRY INTO STUDENT LOAN SERVICING PRACTICESBureau Seeks Information On Industry Practices That Can Create Student Debt Stress

You can file a bankruptcy case on your own which is known as filing pro se. However, I would not recommend this and I would certainly never recommend it in a chapter 13 bankruptcy case. Approximately once per month, someone will come into my office who has filed a bankruptcy case on their own behalf+ Read More

 I highly recommend this great article in the New York Times.  Everyone should understand the issues related to protecting your own or your parents’ hard earned retirement funds

Bankruptcy Can Help Older Americans Take Control of Their LivesMany elderly live in terror of a debt collector calling.

Did you get called by Bayview Legal for CashNetUSA? Elle came to talk to me yesterday about bankruptcy. At our meeting, she told me about Bayview Legal.  She said she had made payment arrangements with “Bayview Legal” to pay a debt to CashNetUSA.  She wanted to file bankruptcy, but figured she had to pay Bayview.

According to an article in the New York Times, Bank of America and JP Morgan Chase are finally agreeing to properly identify debts that were discharged in bankruptcy.  Bank of America and JPMorgan Chase have agreed to update borrowers’ credit reports within the next three months to reflect that the debts were extinguished.