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Unexpected illness devastates family, medical debt mounts

One night in the hospital can cost a family thousands of dollars, and few are likely to have the money on-hand to cover these expenses. That is one big reason why medical debt is one of the leading causes of bankruptcy in the U.S. For those Tennessee residents who have experienced the financial struggles associated with unexpected medical debt, the following might be familiar.

A Georgia couple that adopted a young child is currently watching their financial situation tighten rapidly due to an unexpected medical emergency in the family. Their young child suffers from a rare form of cancer known as germ cell, a condition that requires intensive care.

The condition has resulted in more than 50 surgeries and 60 rounds of cancer treatments, which has required him to spend the majority of his life in the hospital. The surgery and chemotherapy are also just part of the costs associated with the cancer. He also requires special care at home provided by a professional.

The medical bills associated with caring for their child have completely upturned monthly budgets and financial stability. The family closed their popular restaurant in order to have more time to spend with their sick child. Their house has also recently fallen into foreclosure because the couple has fallen behind on their mortgage. All of this has led the couple to consider filing for bankruptcy.

Medical bills can come about unexpectedly and pile up even faster. Whenever a family is facing unmanageable debt, it is important to consider all available debt relief options. Bankruptcy is one option that can help couples, such as the couple above, get a fresh start and find the resources to move forward.

Source: WTVM News, "Adopted child with rare cancer sends new family near bankruptcy," Dante Renzulli, Nov. 13, 2012

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Mark T. Young & Associates
2895 Northpoint Blvd.
Hixson, TN 37343

Toll Free: 888-376-0282
Phone: 423-933-1606
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