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Bankruptcy May Be Your Option

January 2017 Archives

Medical debt the top reason collection agency contacts consumers

With the recent presidential inauguration, many people in Oklahoma and across the country have the Affordable Healthcare Act on their minds. As attempts are made to end certain aspects of the law, approximately 18 million people may be looking at life without health insurance in the year following an appeal, according to the Congressional Budget Office. Unfortunately, even those with health insurance can face significant medical debt, but changes to the ACA could increase that debt.

Civil judgment discharge denied in Chapter 7 bankruptcy request

Many people in Oklahoma find themselves facing financial challenges. As a result, they examine their situation to determine their options for debt relief. With the guidance of an attorney, some decide that their best option is to start with a clean financial slate gained by a Chapter 7 bankruptcy. However, not all financial obligations can be discharged through bankruptcy.

Filing for Chapter 7 bankruptcy in Oklahoma

There are many businesses and individuals who are struggling with overwhelming debt in Oklahoma and across the country. Often, debt accumulates as a result of unforeseen circumstances such as a serious medical issue that results in the loss of a job. Bills can pile up, leaving people wondering how they will fulfill their financial obligations. For many, the best option may be seeking Chapter 7 bankruptcy protection.

Increases in student loan discharges through personal bankruptcy

People in the United States often see a college education as a fail-proof tool to financial security and professional success. With hope for their future, many people in Oklahoma and across the country make an investment by taking out student loans to finance their dreams. Unfortunately, quite a few students are struggling to pay back the loans. While in the past there were few options for release from the debts through personal bankruptcy, more people have been able to see some relief through this path over the course of the last year.

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