Medical debt and associated expenses or loss of income is a primary cause of serious consumer debt in Oregon and around the country. Many people end up choosing to file either a Chapter 13 or a Chapter 7 bankruptcy due to the effects of such situations. When seeking debt relief, people have many concerns including the need to stop creditor harassment, stop wage garnishment and to achieve a new start for a better financial future.
June 2014 Archives
Oregon consumers and their counterparts around the country can often feel taken advantage of or threatened by debt collectors. When debt mounts to the point that repossession of a vehicle, wage garnishment or other actions are feared, situations can appear grim. It can be difficult to know how to stop creditor harassment and how to determine the best course of action.
Many things can lead a person to have a debt level higher than he or she is able to successfully manage. A job layoff or termination or a divorce are among some of the most common reasons that create such a situation. When an unexpected medical condition arises, the medical bills can mount fast, leaving the patient with a whole new crisis on top of the health concern that created the medical expenses to start with. In order to get a fresh start, some people may consider a Chapter 7 bankruptcy if no other option is available.
High levels of unmanageable debt can be challenging for many Oregonians. Such situations can arise from temporary unemployment, medical expenses that are incurred from an unexpected medical condition or other factors that can happen to anyone, anytime. Even if all medical debt or other debt is sufficiently paid back, consumers can still be plagued by the effects of the debt for some time to come. Some consumers may not even be aware of such problems.