Are your medical bills making you figuratively sick? Unfortunately, you are far from alone. According to CNBC.com, approximately 1.7 million people in 2013 had to file for bankruptcy because of their unpaid medical bills. Unpaid medical bills are, in fact, the number one cause of bankruptcies in the United States today. So if your family's medical bills are absolutely crushing you financially, should you follow suit? Is bankruptcy the answer for you?
- Chapter 7 bankruptcy is more desirable than chapter 13 for many people because the process is faster and all of your eligible debt is discharged. However, chapter 7 bankruptcy is reserved for those people who can show dire financial circumstances. This means that either half of your debt must be classified as non-consumer debt, such as medical bills or business debt, or you have to pass what is called a means test.
- When you send your son or daughter out on an errand, or they borrow your vehicle for a weekend, you are taking a risk, especially if they are not included on your insurance policy. The same holds true for friends who borrow your car-- because you own it, you may be liable for any damages incurred when there is a car accident and your car is involved. Is this always true?
- Over 3 million workers suffered accidents or injuries on the job in 2013. That adds up to a lot of workers compensation claims. With so many claims being filed, it can be hard to spot any questionable ones amidst the legitimate injuries. Here are some tips to help you combat workers compensation fraud and protect both your employees and your business. Require Management Training for Injury Response Your managers and shift supervisors need to be aware of how to handle injury reports.
- Are men better drivers than women? Which group causes the most accidents, and which has the best defensive driving skills? Why would gender even have an effect on driving skills? Find out who is statistically better at driving, and see if it matches your personal experience. You may be able to use what you've learned to drive more safely or strengthen your case if you've recently been involved in an accident.