If you are like many Americans, you probably have medical debt. You may even have an account in collections and receive multiple calls from collection agencies trying to reclaim your debt. You might feel like bankruptcy is a welcome relief to the overwhelming medical debt you have.
As insurance providers change their policies and medical costs go up, more and more people struggle with unpaid medical debt. This debt has led to many people filing bankruptcy. According to the American Journal of Public Health, around 60% of people cite medical debt as a main reason for declaring bankruptcy.