Medical Expenses Fuel Bankruptcy

In the USA one of the major causes of worry is the medical expense. The recent times have witnessed a large number of people filing medical bankruptcy. Some of the major causes of medical bankruptcy are as follows. * Medical expenses are usually totally unexpected. Sickness does not see the financial situation of the diseased. It just compels the patient to avail medication to stay alive and this comes at a high price. It is possible that the sick is already undergoing sever financial crisis. * Medical care in the USA is very expensive. In most of the cases it is seen that the patient has to first spend the money on the medication and hospitalization. The expenses if found justified and covered by the policy, is reimbursed by the insurance company. Many people subscribe to medical insurance and pay the premium regularly. Despite this it is seen that in most of the cases that the insurance companies get away without paying anything to the sick, thanks to the loopholes in the law. This pushes the person towards medical bills bankruptcy. * The medical expenses mainly depend on the severity of the disease and the time taken to recover. If …

Bankruptcy Basics

According to the American Bankruptcy Institute “household debt is at a record high relative to disposable income.” The Administrative Office of the U.S. Courts reported that the number of filings for the year ended March 31, 2003 “exceeded 1.6 million for the first time in any 12 month period,” a 15.1 percent increase from the previous year. There are two basic types of personal bankruptcy: Chapter 7 and Chapter 13. Chapter 7 Bankruptcy and Chapter 13 are legal proceedings that are available to a person to cope with a financial crisis. Personal bankruptcy must be filed in a federal bankruptcy court. You will have to pay about $160.00 in court fees. Attorney fees are additional. Chapter 7 bankruptcy involves the liquidation of all your assets that are not exempt from the bankruptcy settlement. Exempt property may include automobiles, some household furnishings, and property needed for work-related use; for example if you were a mechanic the tools you use to perform your work would be exempt from the bankruptcy settlement. Exemption amounts vary from state to state. Under this plan the court appoints a trustee to handle the liquidation of your non-exempt property. The trustee can sell or turn over your … www.oralporn Apk Clans Mp3 Wover Desain Rumah Anda Svetogama Bloglow Movie Explore Street Wize UPL 24 XmodApps Free Seo Tools Download Apk Android Apk Center SEO Navi