Did Your Bad Health Cause Bankruptcy, Or Did Money Cause Your Bad Health?
Most of us are just one catastrophic accident away from financial ruin. All it could take is a major health problem to deplete your savings and retirement funds. When serious medical issues arise though the focus should be on getting well, and not on how the bills will get paid. That said, there is a large number of bankruptcy filings that are the result of astronomical medical bills or the result of some other serious health issue. But have you ever wondered if your bad health is the cause of the bankruptcy, or the result?
There is plenty of evidence out there that points to the conclusion that financial stress can actually trigger medical problems. Consider the following possible significant health problems that are commonly associated with stress, and financial stress in particular:
● High blood pressure.
● Heart attacks.
● Emotional trauma.
With upwards of 75% of American families carrying heavy debt loads it is not surprising that money is a leading cause of stress. When you don’t have a handle on your finances it is easy to feel out of control in other areas of your life. This debt-stress connection begs the question of whether medical issues cause money problems, or whether money problems cause medical issues. Regardless of the source of your financial woes, the best thing you can do for your bank balance and your health is to take steps to get out of debt. Bankruptcy is a viable option for many and can work for you too.
If you are unable to meet your monthly obligations as they become due, call our office for help. We will review the facts of your unique circumstances and develop a strategy that fits the facts of your case. Call a Plantation, Florida debt relief attorney today for more information.