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Have you ever heard of credit insolvency and bankruptcy horror stories? Maybe some of your most unlucky friends have already had to file for bankruptcy for some reason and you know what it feels like not sleeping at nights dreading a new day with debt collectors intruding in your private life.

Today bankruptcy is most often associated with bad management of credit card, that is, overspending and ignoring the credit card application's terms and conditions and in most cases it is really so. There are, however, unlucky times in life when bankruptcy overcomes most diligent and responsible credit cardholders being their only rescue from utter crash.

We are speaking about cases when medical insurance is not supposed to cover the credit card bills when you consult a doctor or undergo treatment itself. Nothing speaks in your favor then - nor your spotless credit history and access to best credit card applications and lowest rates loans, nor your good and respected job and stable income.

We are speaking about cases when the medical insurance doesn't work if your issue is mental health, not a physical ailment. The bad thing is very few customers actually know this fact and the result of the so generous and attentive treatment may sometimes take a patient to a relapse.

That's what would have happened to James if he didn't consider bankruptcy.

James had a well-paid job that promised him promotion in the nearest future. He was a robust fellow with no hint of any physical ailment ever. So, he was one of those few who could boast of not having to pay fortunes to doctors. What's more he had that medical insurance that could protect him if the bad day still came.

What else made his life unclouded? It's the absence of credit card debt, which is claimed to be America's epidemic, the overall financial health and his intention to marry his beloved. Everything fell to the ground when she suddenly left... James was attacked by a severe, horrible depression and the onset of a mental illness was more than evident. He was too apathetic to even think of getting professional help and the best way out was for him to commit suicide.

James couldn't, thanks to the caring friends who placed him in hospital. But there arises a question, what would have been better - to cut the wrists and finish it all or to suffer the grave consequences of the cure?

Yes, he went through the doors of the hospital cured but at the same time burdened with a heap of medical bills amounting to $15 000! There was no financial relief from his medical insurance and there were the credit companies requiring him to minimize the balances.

Not a single day of his staying at hospital was covered and he still had to pay the rent. James lost his job and accumulated great amounts in debt, so there was nothing better left than to file for bankruptcy.

Just imagine that if James had been a success in his attempt to commit suicide and hurt himself, the medical insurance would have covered the expenses! As to his particular situation, only bankruptcy came to his rescue.

Now, there are two questions occupying our minds after this story. Isn't mental ailment considered to be a real disease and shouldn't it get covered as it is with physical disorder? Then, what would happen to those people, who take bankruptcy as the last resort, with this bankruptcy code blocking them from the relief?

James was lucky to be allowed to file. What you personally can do for now is to know that your medical insurance is useless once you get taken ill with a mental disease.