Medical debt is one of the main factors leading to bankruptcy. In fact, it’s a contributing cause in 62 percent of personal bankruptcy filings, according to a 2009 study that appeared in the American Journal of Medicine. Medical debt differs from other forms of consumer debt, since it usually results from something completely unpredictable – an illness or injury. In addition, illness or injury often prevents a person from working and earning income to pay off the bills. Many American …
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