The bill titled the Medical Bankruptcy Fairness Act of 2024 aims to change bankruptcy laws to provide protections for individuals overwhelmed by medical debt. It introduces the term "medically distressed debtor" and allows these individuals to have additional exemptions and...
Simple Explanation
The Medical Bankruptcy Fairness Act of 2024 is a plan to help people who have a lot of medical bills by making it easier for them to get a fresh start with their money, especially if medical emergencies have made it hard for them to pay what they owe.