Medical debt is one of the leading causes of bankruptcy, according to a study published online today in the journal Health Affairs. There are plenty of anecdotes of people who have used up their savings, borrowed from friends or filed for bankruptcy following a serious illness like cancer. Now researchers at the Fred Hutchinson Cancer Research Center in Seattle have documented exactly how great the risk of bankruptcy is for cancer patients.
In this June 28, 2011 file photo, actor Patrick Dempsey attends a movie premiere in Times Square in New York. Late Thursday night Jan. 3, 2013, Dempsey announced that his company, Global Baristas LLC, made the winning bid for Tully's Coffee.
The Seattle-based Tully’s Coffee company was sold at a bankruptcy auction Jan. 3. But a number of bidders and stakeholders are contesting that sale. Now US Bankruptcy Judge Karen Overstreet will review the deal.