Bankrupt Now

10 ways to protect your self from bankruptcy caused by prolonged illness.
Accidents and prolonged sickness can be a drain both emotionally as well as financially. Sometimes money crunch is caused by the inability to hold a job, or when the medical bills escalate and it becomes increasingly difficult to balance expenses. Further, medical insurance may prove insufficient or will not cover long term medications. Life has become such that one needs to think about and plan for any eventuality. Experts recommend the following: 1. Ask your doctor for samples of medication. 2. Often an older drug is effective and cheaper. Request the doctor to write a prescription for a drug that is more affordable. According to studies you can save up to 75% this way. 3. Find out the generic name of the medication and choose to purchase it instead of branded medication —the saving can amount to as much as 70%. 4. Very often companies sell higher dosages of medication for a marginally higher cost. Be prudent, buy the higher dosage and spilt the medication in half, one-third, or quarters. The savings you can make are almost 50 %. 5. Order 90-day supplies in bulk from discount mail order pharmacies or online services. The savings are considerable and many doctors help long term patients reduce costs by putting the patients in touch with distributors. 6. If a particular medication is very expensive ask the doctor to recommend a substitute. This is known as therapeutic substitution. 7. Do try comparison shopping. You will find that the same medication is priced differently in local pharmacies, online outlets, and chain stores. Online pharmacies like http://www.walgreens.com/, www.costco.com , or http://www.drugstore.com/ offer medications at affordable prices. 8. There are several patient-assistance programs that offer free or discounted medication to those who cannot afford long term illness. Companies like Merck have programs that benefit uninsured patients. Medicines are given at discounts of 10-40%. 9. If you or a family member travels frequently you could buy your medicines abroad. Often the same medicine manufactured by the same company is much cheaper overseas. One can also order medicine by mail from Canada where medicines cost 30-50% less than the US. But do check the laws before you attempt this. 10. Start a health saving account where you can save pre tax dollars towards unforeseen medical expenses. This has a high deductible. Find out if you or other family members are eligible. Use an insurance broker who always thinks of you. He must keep you updated on all new developments as far as health schemes are concerned and make sure you reap all the benefits of the insurance scheme. You could also consider a critical illness policy in addition to a regular health insurance. Paul Wilson is a freelance writer for http://www.1888Discuss.com/home-improvement/ , the premier REVENUE SHARING discussion forum for Home Improvements Forum including topics on buying, selling and insuring, automobile, electronics and more. He also freelances for submit free press release http://www.1888PressRelease.com/Legal-0-23.html
Source: www.ArticlePros.com

Can I File for Chapter 7 Bankruptcy or Chapter 13 Bankruptcy?
Many people struggle with the decision to file bankruptcy. Usually this is because they have misconceptions about bankruptcy in general. Basically, bankruptcy is a legal way to level the playing field between an individual debtor and creditors. It is a legal proceeding that provides the debtor with a fresh start. The two types of bankruptcy that are most commonly available for an individual are: Chapter 7 and Chapter 13. Chapter 7, or straight bankruptcy, is what most people typically think of as bankruptcy. In Chapter 7 bankruptcy, a debtor s non-exempt assets are liquidated or sold and the proceeds are used to pay toward unsecured debts (credit cards, loans, medical bills, etc.). In the overwhelming majority of cases, however, people do not lose any property which means unsecured creditors get nothing. At the end of the bankruptcy, roughly 3-4 months after filing, the debts are discharged and the creditor can never collect on the debt. Chapter 13 is a debt reorganization or consolidation bankruptcy. If a person has a regular monthly income, their debts (mortgage arrears, car payments, credit cards, medical bills, loans, student loans, etc.) are rolled into one low monthly payment. Because the debtor is paying back his creditors through this repayment plan, the debtor does not risk losing any assets as he might under Chapter 7 bankruptcy. Furthermore, while in the repayment plan, typically 3-5 years, creditors are stopped from contacting the debtor without first going through the debtor s attorney and the court. Millions of people declared bankruptcy last year alone to get the fresh start they needed. Contrary to what many believe, bankruptcy does not permanently damage your credit, and you will still be able to have credit. The new bankruptcy laws that went into effect in 2005 changed bankruptcy very little.Michele Wallace, author of this article, writes for the <a href= http://www.maliselawfirm.com/><b> MaliseLawFirm"</b></a>. Hire experienced <a href=http://www.maliselawfirm.com/><b>"San Antonio bankrupty attorneys"</b></a> with Malaise and get the debt relief you deserve.
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Allowing Your Bankruptcy Lawyer To Help You
Even merely considering filing for bankruptcy can leave you with a negative feeling in the pit of your stomach and you will have scary thoughts of losing your home and every dream you ever had of a well-off life will seem to shatter before your eyes The fact is you are not unique Thousands of others are in the same position and experiencing the same nightmares as you . .There is actual hope for your position, but this depends on using an experienced bankruptcy lawyer to guide you through the bankruptcy process A bankruptcy lawyer will determine that your tough financial position doesn’t inevitably mean you have to live out your nightmare scenario As a matter of fact, the best bankruptcy lawyers will and have in previous years helped consumers to get through the heartbreak of bankruptcy every day and are experts in this field . . .Bankruptcy situations that pertain to individual cases are normally better handled by qualified bankruptcy lawyers This holds true even if you have begun the process yourself or you are required by your creditors to file for bankruptcy If you have begun the process yourself then you are in all likelihood hoping that by filing for bankruptcy you will be able to eradicate all of your debts If alternatively, your creditors forced you into initiating the bankruptcy process then their goal is for the process to recover the money and repay what is owing to them . .It does not matter whether you were the one to start the bankruptcy process or were forced by your debt holders; qualified bankruptcy lawyers will help you with the process and make it as tolerable as possible Once you have hired a lawyer they will assess your financial position and will only recommend bankruptcy if that is the only hope of a good solution to the position you are in . .The bankruptcy lawyer you work with will also be in a position to give you advice on whether you should file for Chapter 13 bankruptcy or Chapter 7 Your lawyer should be an expert in both areas and consequently be able to propose the most advantageous plan of action If your situation is so bad that you are at risk of losing your home or car then your best option is to hire a bankruptcy lawyer who will perhaps be able to stop such extreme things from happening . .If you really have no other alternative but to face bankruptcy then you must start searching for a bankruptcy lawyer immediately Even if you are not sure what your choices are, a lawyer will be able to give you a decisive answer If your financial position appears serious to the extent of potential foreclosure then this really is the best action you can take Talking to a bankruptcy lawyer as soon as possible could really help to save your finances The entire process of bankruptcy is very complicated and much too complicated for the average person to comprehend Consequently, it makes perfect sense to consult the professionals and let them determine the best solution for you .
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