Tampa Bankruptcy Attorneys Clark & Washington Explain the Correlation Between Cancer Diagnosis and Bankruptcy

    TAMPA, FL, March 19, 2015 /24-7PressRelease/ -- The Tampa bankruptcy attorneys at Clark & Washington wish to explain a correlation that has recently been discovered between a cancer diagnosis and filing for bankruptcy. A study conducted in 2013 found that individuals diagnosed with cancer are 2.5 times more likely to file for bankruptcy than individuals without cancer.

The cause of this unfavorable correlation extends further than the high cost of medical care for cancer patients yielding high medical bills. A cancer diagnosis has a ripple effect that spills over into many other aspects of a cancer patient's life. Not only can medical bills for treatment spiral into hundreds of thousands of dollars, but also long-term treatment such as chemotherapy and clinical trials can keep a patient out of the work force, which then prevents the patient from earning income, which may have been paying for the treatment in the first place.

Among cancer patients who ultimately did file for bankruptcy, filing rates were highest among patients who were younger. The posited reason behind this is that younger patients do not have access to medicare and social security assistance like elderly patients do. In addition, many young patients are still paying off their student loans, purchasing their first homes and attempting to start businesses.

If you or a loved one is having financial troubles related to medical bills from a cancer diagnosis, you may want to contact a Tampa bankruptcy lawyer immediately to discuss your financial options. For more information or to schedule a free consultation, visit http://www.cw13fl.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.cw13fl.com.

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