ceciledian
Recycles dryer sheets
- Joined
- Oct 24, 2011
- Messages
- 81
Very good advice in all of the above posts. Just a note about the medical-caused bankruptcies. It turns out that only 4% of bankruptcies are true medical bankruptcies. The other 96% of bankruptcies have medical bills that are included in the bankruptcy but are not the primary cause. What medical problems can cause is loss of income due to inability to work. The loss of income then causes an inability to pay any bill, including medical bills. A better solution to the "bankruptcy" problem might be mandatory disability insurance.
By your own definition it’s still a medical-caused bankruptcy. If you are unable to work or lost your job /cannot pay bills due to a health issue that’s a medical bankruptcy. Of course there will be other non-medical bills if you cannot work. Personal issue to me as my cousin’s son lost his job, his health insurance, and eventually his life after he was diagnosed with Stage 4 cancer.