The San Diego bankruptcy lawyers at the Golden State Law Group provide legal representation to businesses and consumers that are enduring extreme financial hardships...
San Diego, CA (PRWEB) November 21, 2012
The San Diego bankruptcy lawyers at the Golden State Law Group provide legal representation to businesses and consumers that are enduring extreme financial hardships. The firm has recently been made aware of a study that was published in the American Journal of Medicine regarding the percentage of people filing for bankruptcy protection because of medical debts. In response to this study, the firm is offering consumers an opportunity to schedule a free initial consultation so that an overall analysis of the financial situations of those who take advantage of this offer can be completed.
Specifically, the firm is responding to a study entitled, “Medical Bankruptcy in the United States, 2007: Results of a National Study” that appeared in the American Journal of Medicine. The study was overseen by David U. Himmelstein, MD, Deborah Thorne, PhD, Elizabeth Warren, JD and Stefﬁe Woolhandler, MD, MPH. The study reviewed the statistics and percentages of bankruptcy cases filed by consumers because of medical debts.
The study focused on the calendar year 2007, which was before the current economic recession came about. The results of the study revealed that of the bankruptcy cases filed in 2007, more than 62 percent of them were because of medical bills and debts. In addition, 92 percent of bankruptcy filers had medical debts of at least $5,000. Approximately 75 percent of those filing bankruptcy cases because of medical debts had health insurance coverage. Finally, bankruptcy cases filed in the United States because of medical bills increased by a factor of 50 percent between 2001 and 2007.
As a result of this information, the San Diego bankruptcy lawyers at the Golden State Law Group are offering anyone who is experiencing serious financial problems to contact the firm to schedule a free initial consultation. This initial consultation will involve taking a close look at the person’s overall financial situation so that a suggested course of action can be discussed.
About the Golden State Law Group
The Golden State Law Group is a law firm in San Diego, California that’s comprised of a team of San Diego bankruptcy attorneys who provide legal help to consumers and businesses. Specifically, the attorneys at the firm provide help to consumers in the legal areas of medical bill difficulties, student loan debt problems, consumer bankruptcy, business bankruptcy, tax debt issues and personal injury cases.