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Medical debt can be a vicious cycle

Many Tennesseans enjoy good health. But for an unlucky few, poor health can wreak havoc on their body and their finances. They can ring up huge bills that grow and grow. Keeping pace with those escalating costs can be a challenge; after all, Tennesseans who are sick often have a hard time putting in hours and, in many instances, holding down a job.

Tennesseans who find themselves in this situation have several things going for them. For one, they often eligible for disability benefits. Those benefits can help with medical debt and other expenses. For another, many hospitals have programs in place to provide free or reduced-price care for patients that can afford the full price of their care.

But disability and a hospital's generosity is often not sufficient for Tennesseans that rack up big medical bills. For these Tennesseans, another option is available: filing for bankruptcy. Doing so could be just what the person needed to get their financial health in order after seeing to their physical health.

Filing for bankruptcy has other benefits too. A big one is that as soon as a person files, creditors have to stop trying collect. That means no more harassing letters, no more harassing calls. Dinner time can once again be a relaxing time to sit down and eat without worrying about who might call and what they might say.

To learn more about the many benefits that the bankruptcy has for Tennesseans staring down an abyss of debt, readers may benefit from discussing their situation with an experienced bankruptcy attorney. Picking up the phone could the first step towards a healthier financial future.

Source: The Stranger, "Patient Protesters Shed Light On Medical Debt's Vicious Cycle," Sydney Brownstone, Oct. 9, 2015

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

Toll Free: 888-376-0282
Phone: 423-933-1606
Fax: 423-877-0363
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