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Russell G. Small

January 2020 Archives

Presidential candidate addresses medical debt during debate

Connecticut residents who tuned into the Democratic presidential debate on Jan. 14 will likely have heard Senator Bernie Sanders address the issue of medical debt. Sanders said that half a million Americans turn to bankruptcy each year because they are unable to pay doctor or hospital bills, and a 2018 Consumer Bankruptcy Project study backs up this number. After studying 910 personal bankruptcies filed between 2013 and 2016, the CBP concluded that about 65% of all personal bankruptcies in the United States are linked to medical debt in some way.

The rules for filing under Chapter 13

Connecticut consumers can file for Chapter 13 bankruptcy regardless of their income. However, they must have no more than $1,257,850 in secured debts and no more than $419,275 in unsecured debts at the time that they file. Those who are looking to file for Chapter 13 bankruptcy will also need to verify where their income comes from, and it will be necessary for a debtor to show that he or she has filed all necessary income tax returns for the past four years.

How can we help?

Financial Freedom Is Just A Call Away

When you are overwhelmed by debt, we can help you explore your options and find relief. Should you choose to file for bankruptcy, calls from creditors and debt collectors come to a stop almost immediately, allowing you to get back to living your life.

Call us today at 800-261-3275 or contact us online to schedule a consultation. Our firm offers evening and weekend appointments and home visits. Credit cards and payment plans are accepted. Se habla Español.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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The Law Office of Russell Gary Small, P.C.

3715 Main Street
Suite 406
Bridgeport, CT 06606

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