Increased Studies Reveal Correlation Between Cancer Diagnosis and Bankruptcy, Explain Atlanta Bankruptcy Attorneys Clark & Washington

    ATLANTA, GA, March 31, 2015 /24-7PressRelease/ -- The Atlanta bankruptcy attorneys at Clark & Washington wish to discuss the correlation between individuals diagnosed with cancer and bankruptcy. In the United States and around the world, cancer treatments are extremely expensive. Some can cost more than $100,000. If someone is diagnosed with cancer, it can dramatically affect their finances.

People diagnosed with cancer are more than twice as likely to file for bankruptcy than any other individual. The reason behind this unfortunate correlation is larger-than-average medical bills. Cancer treatment requires extensive radiation therapy, clinical trials, expensive medications, constant scans, invasive surgery and many more costly medical procedures that may be necessary just to sustain life. The cost of cancer treatment does not appear to be on any kind of decline, making the effect of being diagnosed with cancer all the more devastating.

Correlations have also been made between the types of cancer diagnosed and the likelihood of bankruptcy. The most frequent bankruptcy rates were found among those diagnosed with thyroid cancer, followed by lung cancer, uterine cancer, leukemia/lymphoma, colorectacal cancer, melanoma, breast and prostate cancer.

Studies have shown that approximately 6.5 percent of the $20.1 billion dollars spent each year on cancer treatments by patients were paid directly out of the pocket of patients themselves.

If you or a loved one has been diagnosed with cancer and are facing financial hardships, bankruptcy may be a solution for you. You will need the help of a compassionate and experienced Atlanta bankruptcy lawyer to help guide you through the process. For more information, visit http://www.cw13.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 7 and 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.

For more information, visit http://www.cw13.com.

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