America is no stranger to medical debt. It's a reality that the health-care system often results in people struggling with bills that total in the thousands, if not hundreds of thousands of dollars.
A personal bankruptcy may seem like something that would ruin your future potential, but the reality is that it can set you up for better financial security. Many people make financial mistakes at a young age or fall into financial difficulties as they lose jobs or suffer from health conditions. It's your right to choose bankruptcy if you cannot pay your bills and have fallen behind. It is there to protect people in your situation and to help you build firm financial footing for the future.
When you have to file for a bankruptcy, it's painful. You don't want to lose your business, but you also can't continue to go deeper into debt. The good news is that there are different options open to you. In some cases, you may be able to keep your business afloat.