Find out about Medical Bankruptcy | Fincance Articles, Tutorials and ...

While it is not a legal term, medical bankruptcy is a common term used to refer to insolvency due to unmanageable medical bills. when filing medical bankruptcy, a person can add other unsecured debts to their medical bills. recent studies have revealed that single mothers and older people constitute more than 60 percent of people who file medical bankruptcy. People who have health insurance policies have an easy time settling their medical bills. however, if the medical bills are too high, the insurer may not settle the whole amount. this leaves the policy holder exposed to unmanageable debt and thus the resolve to file medical bankruptcy. Bankruptcy has its disadvantages, for instance, bankrupt people cannot access medical services in private institutions. Fortunately, the government has a policy that requires every federal funded medical facility to accept patients regardless of their financial status.People who have huge medical bills that they cannot manage often ask bankruptcy questions like how they can get a bankruptcy attorney when they are already deep in debt. the answer to that question is cheap bankruptcy. this type of bankruptcy is commonly referred to as Pro Se Filing. it allows an individual to file their own bankruptcy without hiring a lawyer. Bankruptcy courts the necessary forms for individuals to file their own bankruptcy. They also assist people to complete the process without any charge. however, if the process seems too complex for you or he legal terms too technical for you to understand, you may want to hire a non-attorney to help you. A non-attorney will do the filing on your behalf at a very low cost. however, it is important to note that a non-attorney is not a lawyer, he or she can also make a mistake that can be very costly, considering your financial status. the following are some of the most frequently asked questions regarding bankruptcy-

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Find out about Medical Bankruptcy

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