Health care is both essential and expensive, which can put Florida patients in extremely difficult situations. Some individuals even delay seeking medical attention out of fear of related costs. In some cases this can further complicate matters, as a person's situation might deteriorate and the individual could need even more extensive -- and costly -- care than before. The problem is serious and not going anywhere, and some patients may need to turn toward Chapter 13 bankruptcy for relief.
Dealing with debt is not always a crisis, but it often feels like that to those who are in the throes of past-due notices and harassing phone calls from creditors. Still, personal bankruptcy can be an effective option for many people in Florida. Despite this, some are hesitant to move forward with the process of bankruptcy, and instead are interested in finding ways to achieve debt relief on their own. Here are a few options that some may want to consider.
It is no secret that the cost of a college education is significantly out of reach for the average person in Florida. However, since securing a successful career often hinges on earning a degree, most students are willing to take on the monumental costs, including student loans. While most graduates work diligently to repay their loans, some are hit with an unexpected surprise after tying the knot -- their monthly payments go up. Even a moderate increase can quickly become too much to handle, a problem that Chapter 7 bankruptcy can help address.
Over two-thirds of American adults have at least one credit card, and the average balance is perhaps less than ideal. Adults of all ages and income brackets struggle with the burden created by their credit card debt. However, some people in Florida might have an easier time than others when it comes to addressing these debts.
Bankruptcy is a complex process in itself. When you add the confusing element of filing taxes to the mix, it can seem a bit overwhelming.
Adults in Florida generally understand the importance of building up an emergency savings account. Unfortunately, this is often easier said than done. Many consumers currently have more in credit card debt than they do in their emergency savings. While this might seem like a cost of modern life, it can actually pose a significant threat to people's financial stability.
Getting sick is one of those facts of life that most people in Florida will have to deal with. Unfortunately, so are medical bills. Despite efforts by lawmakers, medical bills are still an enormous burden to the average person and are a significant contributor to personal bankruptcy filings.
Paying off debt can be easier when bills are consolidated into a single, manageable monthly payment. Debt consolidation is nothing new, but it is certainly growing in popularity. Some people in Florida might even be using this method to avoid filing for bankruptcy, but there can be drawbacks to this method.
Bankruptcy can be an effective way to stop harassing creditors in their tracks. However, much of the behaviors and tactics that creditors use are not legal in the first place. For those in Florida who are interested in how to stop harassment by creditors but are not quite ready to pursue bankruptcy, here are a few things to keep in mind.