Atlanta Bankruptcy Law Blog

Avoiding medical debt

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Thursday, March 7, 2013.

Medical debt can be a major source of financial hardship for Georgia residents who have recently been injured or seriously ill. Even for minor medical needs, bills can add up and become overwhelming quickly, especially when combined with other financial obligations. One of the major reasons why people end up in serious medical debt is because of a lack of health insurance coverage.

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Tags: bankruptcy, health insurance, medical debt

Will health care reform reduce Georgians' medical debt? (2)

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Saturday, November 24, 2012.

Earlier this week, we began a discussion on medical debt and bankruptcy, and whether the Affordable Care Act would relieve any of the pressure of high medical bills on Georgia families. This is an issue that affects a huge portion of the U.S. population: economists say that medical debt is the most common type of debt owed in this country. It is, they say, more common than car loans, student loans, credit card debt, mortgages and other forms of debt.

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Tags: bankruptcy, health, medical bills, medical debt

Will health care reform reduce Georgians' medical debt? (1)

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, November 23, 2012.

Although the Affordable Care Act has been touted as a major, much-needed reform of the American health care system, many Georgia residents remain uncertain on just how the new law will change their health insurance and the way that they seek and pay for medical care. And they are not alone. Many people, even state and federal officials, are not yet sure whether the health care law will reduce the average American's medical debt load.

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Tags: bankruptcy, health, medical bills, medical debt

Medical debt drives Atlanta women into bankruptcy

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Saturday, September 8, 2012.

According to recent data from the Commonwealth Fund, a non-profit that advocates for health care reform, more than a quarter of women in Georgia and across the U.S. had trouble paying their medical bills in 2009-2010. That is more than double the rates in any of the 10 other countries studied, indicating that medical debt is driving more U.S. women into difficult financial situations than in other similar nations.

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Tags: Chapter 13, Chapter 7, bankruptcy, medical bills, medical debt

What makes medical bills different from other debt?

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, July 6, 2012.

Last month, we discussed the effects on medical debt on the finances of people in Georgia and throughout the country. Specifically, we detailed various studies and surveys in that earlier bankruptcy blog post, reporting that more than 40 percent of working-age Americans, or 72 million people, have significant medical debt.

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Tags: credit report, credit score, debt collector, medical bills, medical debt

Medical bills drive Georgia residents to bankruptcy

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Tuesday, June 19, 2012.

Many of our Atlanta blog readers assume that, if they have health insurance coverage, they will not incur significant medical debt if they fall ill or become injured. Unfortunately, that is not the case. Even if you have health insurance, you will probably still find yourself paying high out-of-pocket costs for co-pays, deductibles, medications and other expenses that are not covered by your insurance.

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Tags: bankruptcy, insurance, medical bills, medical debt

Study: Half of U.S. households carry medical debt on credit cards

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, May 25, 2012.

In a recent survey of nearly 1,000 adults across the country, researchers found that credit card debt has declined, and that people are paying fewer late fees and generally using credit cards more responsibly. But the survey also revealed a problem that is indicative of a much larger issue in Douglasville and throughout the U.S.: nearly half of U.S. households carry debt from out-of-pocket medical expenses on their credit cards.

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Tags: CARD Act, credit card debt, debt, medical bills, medical debt

More Georgians forced to use credit cards to pay medical bills

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Wednesday, February 22, 2012.

If you are like many other Georgians, you are probably in a precarious financial position as a result of the depressed job and housing markets. Even if you have avoided bankruptcy and foreclosure throughout the economic recession, you may be just one emergency or unplanned situation away from financial disaster.

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Tags: bankruptcy, credit card debt, health, medical bills, medical debt

Medical debt is a growing cause of bankruptcy

On behalf of Gingold & Gingold LLC posted in Bankruptcy on Friday, September 2, 2011.

As unemployment persists in Georgia and throughout much of the United States, millions of people are now dealing with the long-term loss of their health insurance. Although the federal COBRA program allows the newly unemployed to continue receiving health care coverage, those premiums are often too high for those without a steady income. And as health care costs continue to rise, even people who are employed are having trouble paying higher insurance premiums and deductibles.

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Tags: bankruptcy, credit card debt, medical bills, medical debt