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Wednesday, January 13, 2016

By Janet Wilson


No one wants to be in debt for a long period of time or in debt for being sick in general. However, with all the illnesses and pharmaceutical treatments needed, it cannot be helped but to be in a mass submission to liabilities. Being told that the car will be repossessed from debt is one thing, it is another when health is involved.

Healthcare has been widely talked about in Welfare states or in democratic countries as a whole. In line with research, the development in healthcare programs are also widely appreciated by all hospitals and clinics in California. One proprietor for this development would be the Medical Collection Agency San Diego.

Most of the One million three hundred eighty one thousand sixty nine citizens of San Diego are working class individuals with healthcare issues as their everyday burden, as though it seems the system might be against them. Having to go without any basic necessities to make ends meet is not how one should live. It was highlighted that aggressive collections is a form of an aggravating factor to these things. That is why clarity through enabling one to have options is a must and that specific agencies are available. That will all change once these options are provided.

Taking all the debts and turning them into credits is possible. It is a way of responsibly identifying assets as well as liabilities and reorganizing them for completing past dues. How will these things turn out will be under the supervision of an accountant or a legal consultant who in turn will introduce bankruptcy.

There are what we call Bankruptcy laws with essential characteristics that can help you get options in dealing financial troubles. We have the Chapter Seven and the Chapter Thirteen. These two is the most common and the most basic programs globally.

Chapter seven is the basic form in which it presents the variable for the patient to be acknowledged as not capable to pay that certain amount. Foreclosures will be put on hold and all deemed collateral will be restructured. After the settlement is made, coverage will be almost as good as a hundred percent.

On the other hand, Chapter thirteen supports the more stressing problems of medical debt, such as having to think about car and mortgage. It also supports child support issues to better the agreement. The process may take two to three months but the hassle will not be as difficult as going through any account settlements.

Discharges will be made according to legal standards and qualifications, of course. By two thousand and five, Bankruptcy Laws have changed and made easier for the average American citizen. Along with it are the many benefits in relieving oneself from the harsh realities of hospital and clinical debt.

As the most used programs in the market, medical collection agencies offer these options to help patients experiencing worse than poor health. In the end, it is the education of these patients in which the liberty to be in good health and in good financial state is recognized. Ensuring that health is wealth is the purpose of these programs.




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