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A pair of cyberattacks, including one on Change Healthcare that has impacted health care companies across the country has led Petersen Health Care, one of the largest operators of nursing homes in the country, to file for bankruptcy protection.
People who are facing healthcare costs that are so high they can’t conceivably pay their bills may realize they have to do something before they drown in debt. One option for these individuals is filing for bankruptcy. The high cost of healthcare Conditions such as cancer require ongoing care, which can lead to financial ruin for many.
Since 1991, the number of retirees filing for bankruptcy has tripled , with 12.2% of all bankruptcies being filed by people 65 and older. Unfortunately, all of this adds up to bankruptcy—something that is already scary to deal with as is but can be even more overwhelming and frightening for seniors.
Offering a “microcosm” of the “national problem” of the financial issues caused by illness and injuries leading to individuals being forced to file for bankruptcy protection, a state consumer advocacy group has published a report detailing that 60% of bankruptcy filings included some form of medical debt.
Bankruptcy Filings Climb Back After record lows in 202021, business bankruptcy filings jumped 33.5% Large firms led this trend: 694 corporate bankruptcies were recorded in 2024the highest in 14 years. Key Commercial Debt Statistics (20202025) $21.55 trillion in non-financial business debt by Q4 2024 (up 27% since 2019) $1.8
Healthcarebankruptcies present unique challenges in addition to financial restructuring. Having been involved in numerous healthcare matters filed under both Chapter 7 and Chapter 11, I know first-hand how important this issue is. This blog dives into the role that ombudsman play in healthcarebankruptcies.
You’ve undoubtedly heard of bankruptcy. Some people swear they’ll never file bankruptcy, while others regularly use it as a tool. Our competent bankruptcy attorney at Dray Legal can explain this in more detail. Our competent bankruptcy attorney at Dray Legal can explain this in more detail.
A quintet of Senate Democrats have introduced a bill that aims to make it easier for consumers to have student loans and medical debts discharged when filing for bankruptcy protection. The Medical Bankruptcy Fairness Act of 2021, S.146, 146, was introduced by Sen. Sheldon Whitehouse [D-R.I.], Sherrod Brown [D-Ohio], Sen.
Your health, your choiceunderstand how living wills and healthcare directives protect your decisions. Living wills and healthcare directives play a role but serve different purposes. Keep reading to learn how a living will or healthcare directive can help ensure your wishes are followed when it matters most.
Learn to Eliminate Medical Debts Through BankruptcyBankruptcy and medical debt relief have become buzzwords for those with financial problems due to unexpected health issues. It is crucial to understand the intricacies of bankruptcy and medical debt relief in Broomfield, CO, for a stable financial future.
Wiping Out Your Bankruptcy Attorney Fees Along With Your Debts Filing for bankruptcy can feel overwhelming, especially when figuring out which debts can be discharged. The good news is that working with a bankruptcy attorney in Denver, Colorado, can make things easier. What are My Bankruptcy Options in Colorado?
Rising healthcare costs are continually leaving thousands of Americans drowning in medical debt. Because of the serious burden medical debts have placed on Americans, many are turning to bankruptcy as a potential option. At Sawin & Shea, our team of Chapter 7 and Chapter 13 bankruptcy lawyers is here to help.
If you’re being contacted by Healthcare Revenue Recovery Group and aren’t sure how to proceed, take a deep breath and relax. What Is Healthcare Revenue Recovery Group? Yes, Healthcare Revenue Recovery Group, LLC, is a certified debt collection agency that was founded in 1996. Dealing with Healthcare Revenue Recovery Group.
A recent decision from a North Carolina Bankruptcy Court emphasizes the need for proper training for those who file proofs of claim on behalf of anyone providing consumer credit, including healthcare providers. The court went on, however, to award sanctions for violation of Bankruptcy Rule 9037. In re Branch, 2016 Bankr.
David Houston IV – Nashville, Litigation and Bankruptcy. Erich Durlacher – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law. Christopher Carson – Commercial Litigation, Litigation – Bankruptcy, Mass Tort Litigation / Class Actions – Defendants. Ronald Farley – Birmingham, Administrative/Regulatory Law.
states, filed for Chapter 11 bankruptcy in Texas on Monday, aiming to secure a new loan from its landlord Medical Properties Trust (MPW.N), opens new tab. Steward, the largest private physician-owned for-profit healthcare network in the U.S., said it would continue serving patients as normal during its bankruptcy.
A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $8 billion proposed settlement that would end tens of thousands of lawsuits alleging that the company’s baby powder and other talc products caused cancer. These include a June U.S.
WHAT THIS MEANS, FROM SARAH DOERR OF MOSS & BARNETT: The Ahaghotu decision confirms that CRAs can rely on and disclose that which is already in the public domain, e.g. bankruptcy filings, without fear of FCRA exposure. More details here. During a meeting in Albuquerque last week to discuss the bill and the state of medical debt, Rep.
Paying for healthcare expenses out of pocket can be a huge burden, especially if you are dealing with a chronic illness. According to various studies, medical expenses are the leading cause of bankruptcy in the United States. But if you have an FSA card, you can use it to help cover eligible health expenses. What Is an FSA Card?
The number of bankruptcy filings by private equity-backed companies in the U.S. Forty-nine private equity portfolio companies have filed for bankruptcy in 2022, representing 6.6% Of the portfolio companies that filed for bankruptcy in 2022, 38 are restructuring, six have liquidated and the remaining five are still operating.
Bankruptcy Judge Craig A. BR Healthcare Solutions (the “Debtor”) operated a nursing home under the name Karnes City Health & Rehabilitation Center near San Antonio. Bankruptcy Judge David T. 1] In Re: BR Healthcare Solutions, LLC f/d/b/a Karnes City Health & Rehabilitation Center, Debtor , No.
That’s on top of the increasing healthcare insurance premiums that Americans are paying, which rose 37% from 2015 to 2020. For healthcare organizations, this comes as no surprise, and it’s adding to the headache of trying to provide high-quality care that prioritizes patient well-being while also turning a profit.
mostly collects on debt in the healthcare industry. When your healthcare provider is unsuccessful at collecting your debt, they could contact a third-party agency such as H&R Accounts. They’re also a great asset if you’re facing any of the credit challenges below: Bankruptcy. Even more good news? Identity fraud.
The firm received 23 total rankings across the firm’s footprint including Alabama for Banking & Finance, Bankruptcy/Restructuring, Commercial Litigation, Construction, Corporate/Commercial, Healthcare, Labor & Employment, and Real Estate. Howard Bogard, Healthcare. Brockman, Healthcare. Kelli Fleming, Healthcare.
Corporate bankruptcies rose sharply in 2024, driven by high interest rates and lingering pandemic-era debt. As many as 686 companies filed for bankruptcy as of Dec. The retail industry also saw a wave of bankruptcies among public and private companies, culminating in surprising December filings by Party City and theContainer Store.
Bankruptcies are up sharply in the retail sector. Healthcare hasn’t escaped the economic crisis. Particularly hard hit are apparel retailers and department stores. The energy industry has been shaken. Globally, prices and demand are down.
Weyman Carter – Banking and Finance; Bankruptcy and Creditors’ Right. Liz Crum – Healthcare. Craig Garner – Healthcare; Banking and Finance. Rachel Gilbert – Healthcare. Michael Weaver – Bankruptcy and Creditors’ Right. Adam Artigliere – Residential Real Estate; Commercial Real Estate. Pam Baker – Environmental.
Start by making a list of all of your monthly expenditures, including healthcare, utilities, insurance, childcare, and housing costs. Consider Bankruptcy as a Last Resort. The thought of filing for bankruptcy might seem scary. Tayne , a debt solution attorney and managing director of Tayne Law Group, P.C. Rollins, Jr.
1] In In re Szczyporski, the United States Court of Appeals for the Third Circuit held that the shared responsibility payment is a tax entitled to priority under Title 11 of the United States Code (the “Bankruptcy Code”). [2] Ashton Bryan St. shared responsibility payment. [4] shared responsibility payment. [4]
His background includes experience with government contracts and construction-related matters, general liability claims litigation, and defense of physicians, nurses, and healthcare entities. Spencer graduated from the University of Georgia School of Law with honors, where he served as Articles Editor of the Georgia Law Review.
If you’ve fallen behind on healthcare payments, that’s probably why BCA is on your report. As far as collections are concerned, they primarily target debts in the healthcare industry. Bankruptcy. That’s especially true of medical debts, which can be overwhelming at times. Denial management. Insurance follow-ups. Identity fraud.
The agency focuses on medical debt , working with both small local healthcare providers and large hospitals. If you’ve fallen behind on your healthcare payments or forgot about an outstanding balance on an old account, it may have been turned over to DRSI. Repossessions. Hard inquiries. Identity fraud.
American Bankruptcy Institute Law Review Staff Member. . Under title 11 of the United States Code (the “Bankruptcy Code”), a trustee appointed to a debtor’s estate may avoid transfers made within two years before the date of the filing if the debtor received less than reasonably equivalent value in exchange. By: Alexandria Stiteler.
She has been involved in a variety of mergers and acquisitions with domestic and foreign, public and privately held clients, in the manufacturing, technology, insurance, healthcare, retail and restaurant/hospitality industries.
DFS primarily collects on healthcare debt, as well as: Commercial debt. Bankruptcy. DFS is a third-party collections agency with its headquarters in Scottsdale, Arizona. The agency can be reached at the following address: 3710 West Greenway Road, Suite 131. Phoenix, Arizona 85053. Credit card debt. Utility debt. Identity fraud.
The agency has been around since 1976 and collects exclusively on debts in the healthcare industry. They can also help you with recovering from identity fraud , bankruptcy , judgments , and other more complex credit problems. AMCOL Systems, Inc., is not a scam. Columbia, SC 29221. 3 Ways to Remove AMCOL Systems from Your Credit Report.
Bankruptcies. These include: Healthcare. Credit repair companies provide top-notch service at reasonable prices, helping you with every step of repairing your credit. They can talk to debt collectors for you, dispute debts, and help you recover from negative entries from: Charge offs. Repossessions. Identity theft. Government.
Healthcare. Bankruptcy. Headquartered in Beachwood, Ohio, the agency has been operating since 1970. Over the past 50 years, FFCC has collected debts in the following industries: Business to business. Financial institution. If you carry debt in any of those industries, the entry featured on your report could be legitimate. Foreclosure.
Healthcare. They’re also well-equipped to help you bounce back from credit problems like: Bankruptcy. DCM Services LLC primarily helps businesses collect on the delinquent accounts of the deceased by targeting their estates. They collect on debts in numerous industries, such as: Auto. Financial Services. Telecommunications.
The company is the collections division of Med A/Rx, specializing in accounts receivable management and collections in the healthcare industry. They can also advise you on your other credit issues, helping you with bankruptcy , tax liens , and charge-offs. Pmab llc charlotte nc. Pmab services. How Does PMAB LLC Services Work?
The credit reporting agencies said the extra time is to give “consumers more time to work with insurance and/or healthcare providers to address their debt before it is reported on their credit file.”.
Families are pushed into bankruptcy by medical debts that they cannot pay.”. This happens in about one in five emergency room visits, according to an analysis by the Kaiser Family Foundation and the Peterson Center on Healthcare.) Chopra deemed “extraordinary.”.
Healthcare debt. They’ll manage more complex credit issues too, like judgments , liens , and bankruptcies. ACT’s mailing address is below: PO Box 471. Kings Mill, Ohio 45034. Account Control Technology collects on a long list of debts, including: Commercial debt. Consumer finance debt. Government debt. Student loan debt. Utility debt.
Healthcare debt. They’ll manage more complex credit issues too, like judgments , liens , and bankruptcies. ACT’s mailing address is below: PO Box 471. Kings Mill, Ohio 45034. Account Control Technology collects on a long list of debts, including: Commercial debt. Consumer finance debt. Government debt. Student loan debt. Utility debt.
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