Reed Law Firm, P.A. - bankruptcy

Columbia: 803-807-2565

Florence: 843-536-0073

medical debt Archives

Ways to tackle medical debt

Going through an illness or suffering from an injury can be stressful in itself. But knowing that the treatment that you are gaining is causing you to acquire a mountain of debt can be enough to affect your mental health and your enjoyment of life.

Your health should not have to suffer due to medical debt

If you have been suffering from ill health recently, the associated costs may have been unexpected and not fully covered by your insurance. Sadly, many people suffer from financial difficulties due to medical bills in the United States. This can lead to patients feeling extremely stressed, which can additionally lead to difficulty making a full recovery, and even chronic illness.

How Chapter 7 bankruptcy could alleviate medical debt

Even the most financially responsible people are subject to situations that are beyond their control. While you may have a reasonable amount of savings and a reliable job, medical issues that are not covered by insurance can have the power to land anyone in a very stressful situation.

How Chapter 7 bankruptcy can help address medical debts

If you are suffering financially due to unexpected medical bills, the situation may feel completely out of your control. Medical debt can be particularly problematic for a person's finances because a person needing medical attention may also be losing wages as a result of not being able to work.

How to mange your medical debt

Dealing with a sudden illness can be emotionally and physically crippling. It can be very stressful to know that you will have to undergo grueling treatment or a serious operation, and having uncertainties about your prognosis can be very stressful indeed. When your health insurance is lacking in coverage for your medical needs, financial stress can also bring a significant amount of tension to your life.

Medical debt, lower incomes pushing seniors into bankruptcy

The idea of a peaceful retirement in which people stop working and live out their remaining years peacefully is no longer a reality for many. Dwindling incomes and soaring health care costs are creating a financial storm for Americans over the age of 65. Now, bankruptcy because of medical debt is sadly not that uncommon for this group. 

Medical debt a financial challenge for South Carolina residents

An accident or illness can dramatically change one's financial situation. In addition to the added bills caused by medical debt, it is likely that the South Carolina resident may also be facing a reduction in income. This combination can make it impossible for the individual to meet his or her monthly expenses.

Medical debt and credit cards

Debt collectors can be quite persuasive. They can often make the South Carolina resident feel as if they must make payments regardless of the situation. The simple fact is, when it comes to medical debt, the average individual often finds it difficult to keep up with the mounting debt.

Medical debt a problem for middle class South Carolina residents

There are a number of misconceptions regarding bankruptcy. Some believe that bankruptcy is only for the wealthy trying to avoid paying debts that have spiraled out of control. Others believe that bankruptcy is used by individuals who have somehow wasted their money and are now looking for a way to escape their situation. Yet, reality for the South Carolina resident is that the majority of those who can and do benefit from bankruptcy are average, middle-class individuals and families.

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Columbia Law Office
220 Stoneridge Drive, Suite 301
Columbia, SC 29210

Phone: 803-807-2565
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Florence Law Office
1807 West Evans Street, Suite B
Florence, SC 29501

Phone: 843-536-0073
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