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Kathleen March
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Los Angeles Bankruptcy Lawyer - Los Angeles Bankruptcy Attorney Kathleen P. March
Los Angeles Bankruptcy Lawyer - Los Angeles Bankruptcy Attorney Kathleen P. March

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Nearly 1 In 5 Americans Has Crippling Medical Debt

Gail Briggs of South Holland is cancer-free after two bouts of life-threatening diseases in recent years, but her recoveries were nearly overshadowed by financial ruin. Briggs faced thousands of dollars worth of unpaid medical bills after she lost her job and health insurance following her breast cancer treatments in 2008. While she eventually obtained new employment, hospital bills continued to pour in during her treatments for colon cancer in 2013...

Briggs is not alone. Medical debt is a leading cause of personal bankruptcy in the United States. Nearly one in five Americans have delinquent medical debt on their credit reports. That includes 1.2 million people in the Chicago area who owe nearly $1 billion, according to data compiled by Mike Antico of RIP Medical Debt.

[as reported in 3/13/18 Credit & Collection e-newsletter]
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Bankruptcy can negatively affect a retailer to the point they may never get their feet back on the ground. Take a look at this article to learn why this happens: 

#bankruptcy   #retail   #article  
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"As Banks Retreat, Private Equity Rushes to Buy Troubled Home Mortgages"

Lawyers and housing advocates believe hedge funds and private equity firms are too quick to push foreclosure: 

#mortgage   #foreclosure   #housingmarket  
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"Payday lenders sue FDIC, saying it "stigmatized" them"

The payday lenders say the Federal Deposit Insurance Corporation (FDIC) "pressured banks into breaking ties with the payday lenders." Check out this article to learn more: 

#lenders   #fdic   #lawsuit  
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Since the new bankruptcy law (BAPCPA 2005) took effect on 10/17/05, the forms for bankruptcy petitions, schedules, statement of financial affair, etc. Learn more:

#bankruptcy   #BAPCPA   #financial  
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