Last week, singer Dionne Warwick -- who has won five Grammy Awards in her lifetime -- filed for Chapter 7 bankruptcy. Although the 72-year-old makes at least $15,000 a month, her bankruptcy filing shows that she spends almost as much as she earns. In addition, she is nine years behind on taxes.
March 2013 Archives
Imagine that you're in a serious car accident and need emergency medical care. After getting treatment the day of the crash, your doctor tells you you'll need surgery to completely recover. After undergoing surgery, you need to go in for a follow-up visit to make sure everything is healing properly. As you're finally starting to feel better, your first medical bill comes in the mail. Depending on your health insurance plan, an ambulance ride and treatment in the emergency department could cost you thousands of dollars -- and this is only your first bill.
As we've discussed in previous blog posts, credit card debt is an issue that plagues people - -young and old -- across Oregon and throughout the country. While some people are able to at least make minimum payments to keep creditors off their backs, others simply cannot. When this happens, however, creditors are likely to come calling. And this could mean you end up facing a lawsuit. Should this happen to you, it's important to know how to handle it, and a recent article from Fox Business offers a few tips.
We all know that our country is plagued by student debt. Many people in Oregon have racked up tens of thousands of dollars in loans that must be paid back. Unfortunately, even when the debt has become too much to bear, these people most often do not have the option of filing for bankruptcy to find relief. However, there may be a solution on the horizon.
Many people in Oregon and throughout the U.S. are saddled with medical debt and know what a burden it can be. The cost of health care is extremely high and even if you have good insurance, you can be left to pay thousands of dollars out of pocket. So how can you prevent this from happening again or for the first time?