Long Island residents are aware of how medical expenses increase their financial stress. That is particularly true for the retired, who may suffer financial challenges due to out-of-pocket medical expenses. A private foundation in New York called Commonwealth Fund...
Month: July 2013
Consumer borrowing impacts bankruptcy filings in New York
Since the Great Recession began, most Americans, including those from Long Island, New York, have tightened their belts. The increasing cost of household expenses and unemployment has subjected most people to financial challenges and many are eventually forced to...
Eliminate credit card debt through personal bankruptcy
The advantage of having a credit card may be obvious for residents of Long Island, New York. Lately, using a credit card has become a part of their daily lives -- when they go to the mall, purchase an appliance or pay for their meals. However, recent data states that...
Millions file for bankruptcy because of medical debt
The Affordable Care Act, commonly known as Obamacare, will soon mean that millions more in New York and the rest of the nation will be covered by health insurance. Unfortunately, that does not always mean they will be protected from the burdens of huge medical bills....