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December 2016 Archives

Medical debts are a leading cause of bankruptcy

Americans know all about debt. In fact, a fair portion of the country's political discourse revolves around it fairly continuously due to the national preference for credit. That preference is not necessarily a bad thing, and in a healthy economy, debt can even drive growth for a time. When wages stagnate and costs do not, though, debt creates problems because it becomes necessary for short-term functioning, even as it undermines your long-term resources. Health care debt is no exception; in fact, it might actually exemplify this because most people have very little control over the extent of the medical services they will need to remain healthy, so when costs add up, it is easy to wind up in a situation where your medical debt outstrips your income.

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Whether you have a family law issue, an estate planning question or are considering bankruptcy, I can help you find a sustainable solution that provides relief and hope. Schedule your consultation at my Nashua, New Hampshire office today by calling 603-635-4149 or by sending us an email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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Law Office of Paul Petrillo