Many believe that Medicare will cover the healthcare needs they have as they age, but there are substantial expenses above and beyond what Medicare pays that can have significant financial consequences for seniors. Many older Americans quickly realize they are on the hook to make up the difference for medical costs Medicare does not cover or pay for additional insurance to bridge the gap and then some. Older Americans Seeking Bankruptcy on the Rise Americans 65 and older spend an average of … [Read more...]
Archives for January 2019
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Bankruptcy Discharge of Parking Tickets and Traffic Fines
Illinois Drivers can accumulate a number of parking tickets or traffic fines that can add up to big debt if they go unpaid. Many wonder if this type of debt can be tackled along with other debt through bankruptcy. Discharging Traffic or Parking Tickets in a Chapter 7 Bankruptcy Unfortunately, fines owed to a government unit/city such as traffic fines or penalties and parking tickets are typically not dischargeable in a Chapter 7 bankruptcy, although it may buy you some time. If you have … [Read more...]
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