Chattanooga Bankruptcy Attorneys Clark & Washington Elaborate on the Correlation Between Cancer Diagnosis and Bankruptcy

    CHATTANOOGA, TN, February 23, 2015 /24-7PressRelease/ -- The Chattanooga bankruptcy attorneys at Clark & Washington wish to explain the correlation between a cancer diagnosis and bankruptcy. The negative effects of cancer can extend far beyond the physical and can spread to your finances with relative ease. Medical treatment, particularly for cancer, can become extremely expensive, even for those with above-average income and little to no debt.

Cancer and Bankruptcy

A recent study indicated that Individuals who are diagnosed with cancer are more than two times more likely to file for bankruptcy than other individuals with other diagnoses or none at all. The correlation shows that bankruptcy is but a manifestation of a slew of other economic hardships and issues for cancer patients and survivors.

Typically, cancer treatment involves rounds of radiation or chemotherapy, surgery, clinical trials, expensive cancer drugs and much more. It is no surprise then that many cancer patients not only need a quality oncologist, but also a quality Chattanooga bankruptcy lawyer to help them with the overwhelming burden that cancer treatment imposes on their finances.

According to the study, those at the greatest risk of filing for bankruptcy are younger adult cancer patients and survivors. The reason for this increase of risk for younger patients is that younger patients are typically still paying off student loans, trying to purchase a home or starting a business. Their debt to income ratio is often at its highest peak when diagnosed, which makes their circumstances even more traumatic.

For more information on the causes of bankruptcy or to schedule a free consultation with a Chattanooga bankruptcy attorney, visit http://www.chattanooga-bankruptcy-attorney.com.

About Clark & Washington:

Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the Southeast. They have locations in Georgia, Florida and Tennessee. Clark & Washington specializes in personal chapter seven and 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.

For more information, visit http://www.chattanooga-bankruptcy-attorney.com.

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