Methodist Le Bonheur Healthcare, the largest hospital system in Memphis and the second largest private employer in Shelby County, Tennessee, boasts six hospitals and 150 outpatient centers, clinics, and physician practices in its health system. It was also named by Fortune Magazine as one of the 100 Best Companies to Work For in 2018. Its CEO, Dr. Michael Ugwueke, made $1.6 million in compensation in 2017.
A Disturbing Pattern in Non-Profit Healthcare
A Judge's View in Avoiding Bankruptcy Traps
Bankruptcy filings usually occur after months, if not years of financial stress and uncertainty. Phones continually ring with debt collectors on the other end. Mailboxes fill up with final notices, garnishment warnings, and lawsuits.
New Regulations Encouraging Bad Behavior By Creditors?
Efforts over the last several years have attempted to reign in the increasingly unethical tactics and outright bullying behavior employed by debt collectors. Debtors breathed a sigh of relief as collection agencies were forced to work within more strict parameters.
Driving Towards Delinquency.
Driving Toward Delinquency
Will new restrictions on debt collectors ease debtors' stress?
Financial problems permeate all aspects of debtors’ lives. Twenty-five million Americans who have debts in collections are already dealing with the stress and uncertainty that comes with not being able to make ends meet. Mailboxes fill with past-due notices and phones ring continuously with debt collectors aggressively pursuing past-due or delinquent balances.
Are skyrocketing medical costs discouraging medical care?
While politicians in Washington, D.C. tussle over the state of health care and what form insurance coverage should take, their constituents nationwide continue to be blindsided by medical debts.
Why are so many seniors declaring bankruptcy?
An increasing number of Americans over 65 years old are filing for bankruptcy. From 1991 to 2016, the number of Americans in that age group who filed for bankruptcy increased almost 500 percent.
Is it time to consider a bankruptcy filing?
The decision to file for bankruptcy is an immensely important and personal one. It mustn’t be taken lightly, and shouldn’t be the “first resort” when it comes to debt relief. That being said, however, there are some situations where a bankruptcy filing offers the best chance for a fresh financial start.
Will law to end 'surprise' medical bills be enough?
You can argue all you like about whether medical debt is a leading cause of bankruptcy filings in the U.S. or not. Experts regularly do. Regardless of what side of the fence you come down on, however, no one would argue that the cost of care is inexpensive.
How do the processes for Chapter 7 and Chapter 13 differ?
Filing for bankruptcy is an intimidating step no matter what. But once you hear about the various different types of bankruptcy, it can be even more overwhelming. Today, we want to discuss the main differences between the two most common types of personal bankruptcy, Chapter 7 and Chapter 13.
