Sometimes it's a catastrophic illness like cancer or a heart attack.  Other times it's just high deductible insurance premiums or co-pays.  Quite often, it is the combination of illness and missed work due to illness that prompts a medical bill problem.  Whatever the cause, medical bills are one of the leading reasons why people file bankruptcy. Medical bills are unsecured debts – this means that there is no collateral for the debt.  If you are unable to pay what the hospitals or doctors want … [Read more...]