Studies Highlight Why Cancer Diagnosis Can Lead to Bankruptcy, Explain Nashville Attorneys Clark & Washington

    NASHVILLE, TN, March 13, 2015 /24-7PressRelease/ -- The Nashville bankruptcy attorneys at Clark & Washington highlight a recent study that explains why a cancer diagnosis can be linked to filing for bankruptcy. A recent study conducted on financial hardships facing individuals diagnosed with cancer revealed the following information:

- Adults diagnosed with cancer are two times more likely to file for bankruptcy than adults without cancer.
- The highest rate of bankruptcy filings among cancer patients occurred in non-Caucasian women under the age of 40.
- Cancer patients over the age of 65 file for bankruptcy the least of patients diagnosed with cancer that do file. This may stem from systems put in place to assist the elderly, such as medicare and social security. These aids are not available to younger cancer patients who incidentally have higher debt to income ratios from student loans, starting businesses and buying homes.

Cancer treatment can be extremely expensive. With clinical trials, chemotherapy, medications and invasive surgery, it is very easy to break the bank just to stay alive and fight this horrible disease. Nashville bankruptcy lawyers are very aware of the high costs involved with cancer treatment and recognize that sometimes with the high price of treatment, avoiding bankruptcy may not be a possibility, particularly for younger patients.

Finding a way to stay afloat financially while trying to combat such a devastating disease can be very difficult. Consulting with an experienced Nashville bankruptcy attorney can help you find ways to avoid letting cancer treatment ruin your financial future. For more information or to schedule a free consultation, visit http://www.bankruptcyattorneynashville.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.bankruptcyattorneynashville.com.

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