His Divorce Lawyer suggested he call me about a bankruptcy to deal with $125,000 in credit card debt. It sounded like a good idea, but there were hidden risks that nobody else had noticed.
A cancer diagnosis can have you worrying about more than getting well. Recent studies by the Kaiser Permanente Center for Health Research show that one third of all cancer patients who are below retirement age incur debt because of their treatments. You may be among the more that 50 percent of those people facing medical debt of $10,000 or more.
A Debt Consolidator lured this client into a $650/month payment plan, promising that all creditors would be kept under control. It did not work that way. They paid off the small creditors first. But the large ones lost patience waitingand started lawsuits. Now ther is a garnishee on her pay.