Knoxville Bankruptcy Attorneys Clark & Washington Present Information About Why Cancer Diagnosis Can Lead To Bankruptcy

    KNOXVILLE, TN, March 04, 2015 /24-7PressRelease/ -- The Knoxville bankruptcy attorneys at Clark & Washington wish to explain a recent study revealing that individuals diagnosed with cancer are at a higher risk to file for bankruptcy. The likelihood of filing for bankruptcy more than doubles for individuals diagnosed with cancer, according to a new study conducting in the state of Washington. Of those individuals diagnosed with cancer, younger patients are among the group with the highest bankruptcy rates.

It is no surprise that cancer patients tend to find themselves in financial difficulties. The cost of cancer treatment is extremely high. From chemotherapy to clinical trials and invasive surgery, debt from medical bills can reach hundreds of thousands of dollars. Even patients who are fully insured are still having trouble keeping up with the costs of rapidly increasing medical bills stemming from cancer treatments. What makes it more difficult is that these individuals often have to take time off of work or are unable to work in order to receive treatment. In the process, their bank accounts are all but emptied trying to fund their treatment.

Cancer is often a sudden and unexpected diagnosis, which can cripple finances from the inability to plan ahead and be prepared. When an individual is diagnosed with cancer, they have to re-prioritize every aspect of their life from their children's savings accounts to their retirement accounts.

Given the inherent hardships caused by cancer treatment, filing for bankruptcy can unfortunately become the best financial option. If you or a loved one finds themselves in a predicament where they need to file for bankruptcy, contact a Knoxville bankruptcy lawyer today for help. For more information or to schedule a free consultation, visit http://www.knoxvillebankruptcyattorney.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.knoxvillebankruptcyattorney.com.

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