If you have been injured in a motor vehicle accident or an accident at someone’s home or business, one of the first things you must do is find an injury attorney. Medical bills are a predominant reason behind many personal bankruptcy filings. Don’t let this happen to you. If you find an injury attorney, he will work to make sure you get the medical treatment and financial compensation you deserve.
Medical bills, car repairs and lost work time are just a few ways personal injury can bankrupt you if you do not have legal assistance. Lost work time lowers your income which can make it difficult if not impossible to pay credit card bills, student loans, utilities, food and rent. Some people file Chapter 7 bankruptcy to get relief from all of these obligations. However, do not file bankruptcy lightly because this decision will follow you around for the rest of your life and negatively affect your credit rating for 10 years.