Articles Tagged with healthcare costs

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are the pros and cons of bankruptcy?”

The need to file for bankruptcy can arise for anyone. It does not matter your age, occupation, marital status, or any other qualification you might think of. There might be certain categories of people who are more likely to file for bankruptcy, but there is no guaranteed way to predict who will file for bankruptcy. While you cannot completely predict who might be at risk for needing to file bankruptcy, there are trends that can be observed. The New York Times reports that the number of older Americans who are filing bankruptcy is “booming.”

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Bankruptcy Lawyer Bryan W. Stone answers the question “Do I need an attorney to file bankruptcy?”

One of leading causes of bankruptcy has long been medical debt. The high cost of healthcare in this country is widely understood and, should a medical emergency arise, it can be difficult if not impossible to recover financially. Though experts have long seen the connection between medical bills and bankruptcy, many were under the impression that the Affordable Care Act would lead to big changes, that by providing health insurance coverage to the uninsured, financial stress from medical expenses would be greatly reduced. Unfortunately for millions of Americans, that appears not to be the case.