Whether you live in San Jose, Redwood City or another California location, you can likely relate to a fluctuating economy that has an impact on your personal finances. Depending on the unique circumstances of your lifestyle, such as whether you're married, have...
Month: June 2019
Student loan debt leading to more bankruptcy filings
Student loan debt is increasingly driving people in California to file for bankruptcy. According to a study conducted by LendEDU, 32 percent of people who file for bankruptcy under Chapter 7 have student loan debt. Among those who file for Chapter 7 bankruptcy and...
Americans forced into bankruptcy by medical debt
While there are a number of reasons why California residents can face financial trouble, one stands out as the leading cause of personal bankruptcy in the United States. Medical debt is the most common reason cited for bankruptcy filings. A full two-thirds of all...
Many of those struggling with medical debt have health insurance
Most of the people in California and around the country who file personal bankruptcies each year do so because of medical debt, and many of them found themselves overwhelmed by bills despite having health insurance. Common reasons for hospital and doctor bills not...
