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Chapter 13 bankruptcy for out-of-pocket medical expenses

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 stated…

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 declare…

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