Study finds cancer diagnosis results in higher rates of bankruptcy

Stethescope and moneyA new study finds that cancer patients are 2.65 times more likely to file for bankruptcy than people without cancer.  The problem is even more dramatic for younger individuals who contract cancer.  Younger cancer patients were two to five times more likely to file for bankruptcy than cancer patients 65 years or older.

Researchers looked at a variety of factors in their study, including looking at medical, personal, legal and bankruptcy statistics in the Western District of Washington State from 1995-2009.

If you are experiencing financial difficulty because of unexpected health issues bankruptcy may be an option to help eliminate your debt.  Contact the Law Office of Zachary Bushatz, LLC at 937-331-8061 for a free consultation today.

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