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Health is something which one spoilt completely, takes a lot of effort and time to retain, and health issues have always been one of the biggest reasons for bankruptcy in people. Health issues and treatments are something which cannot be ignored and paying continuous bills and rising debts drive a number of people to file bankruptcy.
Bad health and constantly rising medical bills has always been a reason for people to go bankrupt, but naming one ailment which causes people to file the most bankruptcies was not heard before. However, recently a research has shown that the number of cancer patients filing for bankruptcy has increased in double folds.
We all know what bankruptcy is, and a number of companies and firms deal in debt settlement plan to avoid using the bankruptcy chapters. Though people, in fear of getting into bankruptcy procedure, use the settlement plans, they do not know what exactly they are.