Bankruptcy carries a stigma although when bankruptcy is truly necessary, it provides financial relief for those in need. I know many individuals who have declared bankruptcy. Some due to their own financial mistakes and others due to unforeseen circumstances.
In my opinion, many people have to declare bankruptcy due to medical debts especially cancers patients and their families. According to Christensen (2016), "People being treated for cancer have a 2.5 times greater risk of declaring bankruptcy than the general public" (p. 28). Younger cancer patients are ten times more likely to file for bankruptcy than patients 65 and older. Cancer is not something you can plan for; it just happens, and people do their best to deal with it. Those who
have savings and emergency funds quickly get depleted due to copays, deductibles, and out of pocket cost. There are two different types of personal bankruptcy. Chapter 7 is a straight bankruptcy in which many debts are forgiven (Kapoor, Dlabay, & Hughes, 2014). Chapter 13 is a voluntary plan that a debtor develops and proposes to a bankruptcy court. Bankruptcy should always be a last resort since it severely damages credit. As with everything in life, there are pros and cons of filing bankruptcy. The significant disadvantage of filing bankruptcy is the costs associated with it including court cost and attorney fees. The advantage of filing bankruptcy is that some debts are forgiven. References Christensen, D. (2016). The case of the looming medical bankruptcy. ONS Connect, 31(1), 28. Kapoor, J., Dlabay, L., & Hughes, R., (2014). Personal Finance, (11th Ed.). McGraw-Hill/Irwin.
Ellen Farber is a 35-year-old single female who lives alone. She has come to treatment to get help with her complaints of depression and thoughts of suicide. The client reported six months of dyphoria and lack of energy and pleasure. Additionally, the client has long-standing problems with eating and spending. The client declared bankruptcy at age 27. The client was fired from her job two weeks before coming to treatment. She owes $100,000.00 to various local banks and $150,000.00 to her former employer. When the banks discovered her fraudulent practices two weeks ago, they contacted Ms. Farber's employers, who promptly fired her, which led to her current desperate state. Furthermore, the client’s financial problems are the result attempting
people in Canada during the 1990's. In simplest term, corporate and individual bankruptcy law provides a set of rules to prevent chaos among the creditors of an insolvent corporation or individual.
Rachel was 40 years old when she moved from India to USA with her husband and four kids to fulfill their American dreams. She knew little english and had great difficulty fitting into the new environment in America. She was unable to work because she had to take care of her 10- month-old daughter. Her husband, who was a lawyer in India, was now working at Forman Mills for minimum wage. Recently, Rachel was diagnosed with stage II breast cancer. Her doctors said her tumor is almost seven years old and if she has routine check ups, her survival rate will be higher. Rachel did not have a health insurance and because of this, she postponed necessary care and avoided preventive care. Even though she gets basic treatments from Public Healthcare Center it is not enough for this chronic disease. Her family is helpless; if her husband took insurance coverage from workplace there would be little money left for their daily expenses after paying for insurance premiums. Her husband is now planning to take another job so he can take workplace insurance and save his wife.
There is, I believe, no easy way to solve the foreclosure crisis. The reason for this is that the underlying problem is not merely the individual foreclosures. The underlying problem isn’t even all of the foreclosures as a whole which constitute the crisis. No, the real underlying problem is ultimately human greed. Consequently, the way to solve the foreclosure crisis, I believe, is not merely through some kind of “stimulus plan.” Yet, this matter shall be examined more thoroughly later.
Health care will shorten bankruptcy. It was said that over 50% bankruptcies are contributed from medical problems. Medical contributes 17% in bankruptcies. “This threatens the solvency of solidly middle-class Americans. They propose comprehensive national health insurance as a solution.” (Medical Bankruptcy: Myth Versus Fact) In 2008 politicians were used to show that the health care system needs to be changed. It needs to be changed so it can control costs and give more people coverage. “Debtors cited at least one of the following specific causes: illness or injury (28.3 percent of respondents), uncovered medical bills exceeding $1,000 in the past two years (27 percent), loss of at least two weeks of work-related income because of illness
According to the National Cancer Institute, cancer health disparities are defined as the adverse differences between specific populations and the achievement of an optimal state of health. These population groups are categorized by geographic location, income, disability, age, education, gender, sexual orientation, ethnicity, or race. These factors correlate with cancer mortality rates that impact specific population groups in the United States, cancer prevalence is the number of people diagnosed or living with cancer, and cancer incidence which is the number of new cancer cases in a population. According to the American Cancer Society, in 2013, there were an estimated 1,660,290 new cases of cancer and 580,350 of the new cases resulted in mortality. Individuals who have limited access to healthcare, health illiterate, and poverty stricken are more likely to develop cancer. This means a person’s socioeconomic status can determine the likelihood of their probability of developing cancer
Purpose: The stigma of mental disorders continues to dissolve, however it remains clear that we need take control of the issue, spread awareness, and educate the public on detecting mental illness and equipping the public with tools on how to be resilient. This purpose paper taps into brain disorders, mental health stigmas and how early detection along with mindfulness contributes to the enhancement of overall well-being.
In conclusion, cancer is a disease that has impacted millions of people throughout history and the world. With the assistance of medical professionals; early, professional, and accurate diagnosis, treatment, and mental/ emotional support of family members, friends, and doctors, the emotional impact of cancer can become much more bearable.
There are over 13.7 million cancer survivors in the US today, and over 1.5 million people will be newly diagnosed this year. Over the last several years that has been substantial progress in cancer treatments resulting in increased life expectancy. While certainly desirable, the dynamic has changed to more people are now living with cancer as a chronic illness. All of these individuals face a series of complex decisions related to their care that include screenings, treatment choices, and the financial challenges of cancer care. Yet less than one third of all people facing cancer receive appropriate counseling and support. A 2008 Institute of Medicine (US) Committee noted that: “The remarkable advances in biomedical care for cancer have not been matched by achievements in providing high-quality care for the psychological and social effects of cancer. Numerous cancer survivors and their caregivers report that cancer care providers did not understand their psychosocial needs, failed to recognize and adequately address depression and other symptoms of stress, were unaware of or did not refer them to available resources, and generally did not consider psychosocial support to be an integral part of quality cancer care.” (Institute of Medicine 2008)
The mental health stigma has become a prevalent issue in the world of medical care. It can prevent people from receiving proper medical care and the quality of care people may receive. Stigma is defined as members of groups who violate the norms established by the dominant or privileged group and, as such, are marked as deviant (Jr. and Kite). Stigma can also lead to discrimination. The way we can try and diminish the severity of the stigma is to create transparency and openness about mental illness. Seeing that people are not defined by their disorder and can be successful regardless of the diagnosis. That they are not defined by their diagnosis they just have and suffer with the disorder. Also promoting education about mental health issues can diminish the myths about these issues thus lessening the amount of stigma. I have seen instances on our own campus in which they could have promoted counseling and mental health among the student body. I think the staff body could have took a more proactive approach to mental health. Instead of waiting until after students committed suicide and trying to fix the problem they could actively be promoting it regardless of the instances on the university campus. There are two different types of stigma; public and self-stigma. These stigmas can have different effects on the individual. Everyone has mental health and raising awareness about it and eliminating the stigma can help the world learn how to discuss and change this problem.
So one is going about your business, doing your normal routine and it’s time for a doctor’s visit. You go in there, the doctor performs his regular examine and sends you home. The next phone call you get from your doctor is a tragic one. They have just diagnosed you with a disease that has a low survival rate. And so begins the medical treatments. These treatments could last weeks, months, or years, during which you will face some of the most difficult choices. Some of our family members or friends have heard these words before and unfortunately doctors can only do so much to help, and the cost of treatments are on the rise. According to the NY Times, you could be paying up to a million dollars in one year just to pay for treatments, drugs,
Imagine society blamed people for being diagnosed with illnesses such as cancer? Claiming that it was their choices in life that led to such an awful disease. To make them feel guilty of a situation that was in no way deserved by them. This happens all the time to victims of mental illness, but with the added burden of shame. Considering the shocking statistic that one in four will experience some kind of mental health problem in the course of a year in the UK , why is it that we hardly hear of people suffering from mental illness? Why is it a cloud of judgment and misunderstanding still surrounds the subject? People with a mental disorder or with a history of mental health issues are continually ostracized by society. This results in it being more difficult than it already is for the mentally ill to admit their symptoms to others and to seek treatment. To towards understanding mental illness is to finally lift the stigma, and to finally let sufferers feel safe and accepted within today’s society.
Chapter 7 bankruptcy can wipe out most of ones debts but certainly not all of them. Certain kinds of debt are not covered by the terms of Chapter 7. Some examples of debts that must be paid after filing for bankruptcy would include child support, alimony, income taxes and penalties, student loans, and court ordered damages due to unfair and unrightous acts. Bankruptcy courts handle your financial problems until the case ends. A court assumes control of all ones debts that are owed and all property that is not exempted. A person, trustee, is appointed to be in charge of your debt. The trustee collects property that can be taken and sells it to repay some creditors. That property can be surrendered to the trustee, one may pay the market value of it or one also may choose to trade exempt property with nonexempt property. A small number of people actually lose property when filing bankruptcy. If a person changes their mind about filing for bankruptcy they may ask the court to dismiss the case. At the end of the process the court would discharge most of the debts and one is unable to file for Chapter 7 bankruptcy again for at least another six years.
Among the study’s findings were that the deciding factor of the predictor of bankruptcy should not be only a few ratios, as the measure of a company’s financial solvency may differ as the firm’s situations differ. The important question is to which ratios are to be used and of those ratios chosen, which ratios are given priority weight.
Reputation plays a blinding role in separating evil from good. Based on society’s depiction of ideals, the nature of man is looked past, constituting morality through the lens of societal construct. While civilization opposes savagery, each individual houses the duality of good and evil – evil being the domineering force. In Heart of Darkness by Joseph Conrad and The Strange Case of Dr. Jekyll and Mr. Hyde by Robert Louis Stevenson, evil men masquerade behind their reputation in society, while self-perception allows ego to override moral bounds. Without societal input in configuring our moral compass, we lose the ability to navigate our two sides, turning to a primitive state; an innate evil.