While many bankruptcies are caused largely by job loss, divorce, and other direct financial problems, more and more bankruptcies are being caused by insurmountable medical bills of the debtor or his/her family members.

In many of these medical bankruptcies, the debtor had medical insurance, but the large deductibles and co-pays, the uninsured expenses, and in many cases the 20% that the insured is required to pay is simply more than the debtor can afford to pay.

In one Harvard study, the conclusion was drawn that 62 percent of bankruptcies had medical bills as a contributing factor in 2007.

If you are overwhelmed by medical debts or other debts, please call us to schedule a free consumer bankruptcy consultation with an attorney, or to reserve your seat at one of our upcoming free bankruptcy seminars around Arizona. To learn more visit us at www.FreeArizonaBankruptcySeminar.com.

To view the New York Times Article, go to: http://www.nytimes.com/2009/11/25/health/policy/25bankruptcy.html?_r=1&th&emc=th.