There is a myth floating around that you can’t file bankruptcy on your medical bills. Nothing is further from the truth. In fact, a study published in the June issue of the American Journal of Medicine reports that 62% of bankruptcy cases involve medical debt, a 50% increase in medical bankruptcies. Most people were middle class and 78% had health insurance. With the high cost of medical care and less and less health insurance benefits, most Americans are one illness or accident away from financial distress or ruin because of medical bills. Bankruptcy help is still available for medical bills.
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