personal bankruptcy

Medical bills underlie 60% of US bankruptcies

June 4, 2009 - 3:40pm | Figures | News

The US researchers reported that medical bills are involved in more than 60 % of US personal bankruptcies, an increase of 50 % in just seven years. According to the data of the team at Harvard Law School, Harvard Medical School and Ohio University, more than 75 % of these bankrupt families had health insurance but still were overwhelmed by their medical debts.

health insurance | healthcare system | medical bills | personal bankruptcy

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Personal bankruptcies in the U.S. increased from 573,000 to 1,064,927

February 12, 2009 - 3:01pm | News | Other themes

A recent survey conducted by FindLaw.com revealed that 12% of Americans have either filed or are considering the possibility to file for bankruptcy. According to the figures provided by the National Bankruptcy Research Center within the last three years the number of consumer bankruptcy filings increased almost two times from 573,000 in 2006 to 1,064,927 in 2008.

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