There are countless reasons why people may choose to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy. However, statistics compiled throughout the nation show that the majority of consumers in the United States filed for bankruptcy due to unemployment, hefty medical bills, divorce and also large, unexpected expenses.

Not too long ago, a Harvard study showed that 50% of the bankruptcies filed in the United States stemmed from medical expenses.  The study was featured in the February 2005 edition of Health Affairs.  The study showed that illness and not expected medical bills led to 1.46 million people filing for bankruptcy in 2001.  It also showed estimates that medical bankruptcies lead to 2 million people filing for consumer bankruptcy protection in our country on an annual basis.

Are you considering filing for bankruptcy in South Texas?  Do not wait to contact our law firm to set up your consultation with a South Texas bankruptcy lawyer.