As you began to feel unwell, you may have had a sense of dread and anxiety about going to the doctor. You may have felt concerned that the news they would tell you would be serious, and you may have put off going to get an exam. However, in the end, you likely knew that rather than letting your symptoms worsen, getting them addressed would have a better impact on your overall health.
Despite the term "individual bankruptcy," a person's bankruptcy filing can impact the whole family. For Mississippi families seeking relief from overwhelming debt, a personal bankruptcy can allow for a new financial beginning that can benefit spouses as well as children. Still, while bankruptcy offers many benefits to one's family, there are often plenty of questions that must be answered before filing. One question is how a filer's marital status or situation will affect their bankruptcy case.
It's often thought that bankruptcy is an appropriate option for Mississippi families struggling with overwhelming debts. While this is indeed frequently the case, there are many more types of people who can benefit from the debt relief provided via personal bankruptcy. One such group is senior citizens. According to recently-released information from the Consumer Financial Protection Bureau, older Americans are increasingly troubled by both debt and debt collectors.
In many states across the country, the Medicaid expansion has brought forth both praise and criticism. Mississippi decided not to participate in the Medicaid expansion, and not surprisingly, this move has also had both supporters and detractors. Some believe that the state's refusal to expand the healthcare program will negatively affect struggling residents who have unpaid bills related to medical expenses.
There have been many recent developments in healthcare that residents of Mississippi should be aware of, particularly because these changes might have impacts on their financial situations. The Affordable Care Act has received most of the attention, but Mississippi's treatment of Medicaid should also be a focus for residents of the state. It is possible that it might be linked to an increase in personal bankruptcy.
Financial stresses can come from a host of different sources. In Mississippi, a recent study reveals that financial challenges are particularly linked to medical expenses. This study further shows that of those filing for personal bankruptcy in Mississippi, over half are doing so because of their medical debt.
Following the economic crisis in 2010, the United States government established a government agency to provide some government oversight and intervention in the economy. The agency is the Consumer Financial Protection Bureau ("CFPB"). It travels around the country and meets with different local communities in order to understand their financial challenges, including personal bankruptcy.