Cancer Patients See Increased Bankruptcy Filings
Posted by | Posted in Bad Credits | Posted on 23-06-2011
Researchers from three sources – the Fred Hutchinson Cancer Research Center in Seattle, Washington state bankruptcy-court records and a National Cancer Institute registry – studied data that tracked the connection between cancer incidence and bankruptcy filings.
In an article on www.wsj.com , Rachel Feintzeig reports on the study that was published in the most recent issue of the Journal of Clinical Oncology.
Researchers, who examined 231,799 cancer cases, discovered that 4,805 of the individuals , filed for personal bankruptcy protection in the years directly following their diagnoses. Patients with lung, thyroid and leukemia/lymphoma cancers were most likely to file Chapter 7 or Chapter 13 at the one-, two-, and five-year marks following diagnosis; five years following a lung cancer diagnosis, 7.7% of patients filed personal bankruptcy.
Scientists also determined that surgery and chemotherapy increased the incidence that people with certain types of cancers would seek bankruptcy protection. The study ascertained that cancer patients over the age of 65 who are normally covered by Medicare have a much lower incidence of health-care-related bankruptcy filings than do younger patients.
If you are contemplating filing for a Chapter 7 or Chapter 13 personal bankruptcy due to piles of unpaid medical bills, do not proceed without an experienced and knowledgeable bankruptcy attorney from Legal Helpers at your side. For your free initial consultation, please call 800-260-1402 .
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