Some people can survive under the pressures of missed bill payments and rude debt collectors. There are federal and state laws, including in Pennsylvania, that protect individuals from excessive harassment and unethical collection tactics. However, one type of event often motivates a consumer into taking action. It's a lawsuit filed by the creditor demanding payment, interests, penalties, and sometimes legal fees. The prospect of being sued and commanded to come into court often creates a compelling reason for a pressured debtor to file bankruptcy.htm">bankruptcy much more easily.
Medical bills continue to be a major problem for consumers nationwide, and in Pennsylvania. Although the Affordable Care Ace is supposed to implement caps on an individual's spending for medical expenses, most knowledgeable observers believe that the pressures of medical expenses on most Americans will continue. In particular, it is predicted that over half of all consumer bankruptcies will continue to reflect medical expenses as a major contributor to the debtor's problems. Fortunately, federal law provides for a resolution for most consumers: filing a Chapter 7 bankruptcy.