First of all, let me clarify one thing that there is no such legal term as medical bankruptcy. this term is one of the most commonly misunderstood terms in medical finance. What this term actually denotes is bankruptcy which a person had to file due to his inability to pay his medical bills. as per studies conducted, it has been confirmed that non-payment of medical bills is one of the top reasons why people go bankrupt. Elizabeth Warren, a Harvard professor, wrote recently that a study had shown that medical costs were a major factor in bankruptcy filings in the United States.
Click link below to read full and original article
Medical Bankruptcy ? Bankruptcy Due to Medical Bills
Source: http://www.finance4noobs.com/medical-bankruptcy-bankruptcy-due-to-medical-bills/
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