Pendergraft & Simon, L.L.P. Legal Blog

Medical debt can negatively affect both your financial stability and your health

There are some common-sense correlations between medical debt and bankruptcy. However, did you know that medical indebtedness can also lead to poorer health? Medical bills can often set off a chain reaction that can compound your problems. 4 possible negative impacts to unpaid medical debt The Sycamore Institute conducted a research project on how medical debt…

Restructuring can reduce costs but can also lead to big expenses

Restructuring as part of a business bankruptcy filing can be challenging and beneficial. Your company can reduce its redundancies and operating expenses without necessarily sacrificing performance. Laying off or terminating employees with poor performance records or whose jobs overlap with someone else’s can eliminate hundreds of thousands of dollars in annual liabilities for the business,…

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