A study from Harvard University researchers has shown an increase in bankruptcies caused by medical bills over six years. In 2001, 55% of bankruptcy filings were related to medical bills, compared to 62% in 2007.

The study also showed that 78% of filers with medical bill problems had health insurance. Unfortunately, insurance does not guarantee that medical bills will not push you into bankruptcy in certain situations.

If you are considering bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon LLP at 512-338-1100.