Jeffrey M. Rosenblum, P.C.
A Fresh Start

Posts tagged "medical expenses"

Some important facts you should know about bankruptcy

Financial challenges are part of the daily lives of Nassau County, New York, residents. Some may be facing insurmountable debts stemming from student loans, unpaid credit card charges, personal loans or medical expenses. These debts weighing down New Yorkers may not have been the result of poor decision making. A sudden twist of fate or unexpected life changes can simply drive a person into huge debt. The only question left: Is there a way out of these financial challenges?

How can personal bankruptcy settle unpaid medical expenses?

Unexpected life changes can affect any individual's finances. In Nassau County, New York, local residents are aware of the fact that a single trip to the hospital can be costly. Medical expenses and other related costs are a nationwide problem. According to the Centers for Disease Control and Prevention, 26.8 percent, or over one-fourth of American families had experienced the effects of medical expenses to their finances.

How to curb debt caused by medical expenses

Quality health care often comes with an expensive price tag, its high cost affecting everyone. In most cases, a person may get sick perhaps once or twice a year. However, because illnesses can be unpredictable and require prolonged hospital stays, people have no choice but to watch their medical expenses pile up, and they find themselves struggling with debt. This is true across the United States, including in New York.