Wednesday, May 15, 2013
Cancer correlated with Increased Risk of BankruptcyA new study concludes people with cancer are at a greater risk of bankruptcy than people without cancer. The study consisted of 197,840 adults with cancer living in western Washington. Each of these patients was matched with a person without cancer. Each pair was the same age and sex, and lived within the same zip code.
Here is what the study found:
- 2.2 percent of adults with cancer filed for bankruptcy, while 1.1 percent of the adults without cancer had filed for bankruptcy.
- Cancer patients must likely to file for bankruptcy were non-white women under the age of 40.
- Cancer patients over the age of 65 filed for bankruptcy the least. Incidentally, these patients probably had Medicare coverage and Social Security.
Bankruptcy should be a last resort, but if you've decided to file for it, you should be represented by an experienced attorney.
If you are planning to file for bankruptcy, please contact an experienced bankruptcy attorney in your area using our directory.