Lafayette Bankruptcy Law Blog
Surprise medical bills can overwhelm consumers
Even with insurance, health care is expensive. It is common for a patient to leave the hospital after a necessary surgery or treatment for a medical concern to start receiving bills within the next few weeks. In fact, surprise medical bills are a growing problem for...
Which demographic has the most credit card debt?
Many Louisiana consumers rely on credit cards for everyday purchases, while others may need to pay with a card for unexpected expenses, such as car repairs or medical bills. Having credit card debt is common, but there are significant differences in the ways different...
The most appropriate bankruptcy option for your future
When faced with overwhelming debt and no way to pay it off, you may think about the benefits of bankruptcy. While this is probably not your first choice of how to deal with your financial concerns, it could be the best way for you to handle certain types of debt and...
How members of Gen X can deal with credit card balances
Many consumers in Louisiana rely on credit cards for various types of purchases, including everything from groceries to paying for medical bills. While some are able to effectively manage their balances each month, others who have more significant balances and bigger...
The most effective way to deal with credit card debt
Many in Louisiana find themselves struggling with overwhelming balances on their credit cards. Dependence on buying things on credit can lead to payments that are higher than they can manage paying in full, and the end result is a high balance with interest piling on...
Why debt settlement could be more harmful than bankruptcy
Debt settlement companies make their services sound like a miracle solution to your financial hardship. They advertise on the radio that they know a secret that can help you pay just a fraction of what you actually owe for your credit cards or medical debts....
It’s more common for older Americans to struggle with debt
Retirement is supposed to be a time of enjoying life at a more relaxed pace, whether that’s traveling, golfing, being with grandchildren or simply enjoying hobbies. Louisiana residents save for decades to enjoy their golden years, but in many cases, what they’ve saved...
Coronavirus fears could leave some with unexpected medical bills
Concerns over the spread of the coronavirus are growing, and many fear this potentially deadly illness will eventually reach Louisiana. People are on high alert about their health, especially after traveling, working out of the country or being in high-traffic areas,...
Medical debt continues to be major concern for American consumers
Even with insurance, health care can leave patients with expensive medical bills they may not be able to manage. In fact, medical bills are one of the most common financial problems faced by many in Louisiana and across the United States. Statistics indicate that as...
If you file for Chapter 7 bankruptcy, will you lose your stuff?
It’s never easy to reach a point where you think it’s necessary to file for bankruptcy. This was probably not your first choice, but perhaps you’ve decided this is the best way for you to get out from under the debt burden that has been weighing you down. One of the...
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