Many people are forced to seek the help of a bankruptcy attorney because of medical bills. When an uninsured/underinsured person suffers a serious injury or diagnosis, they find themselves with thousands upon thousands of dollars in medical bills that they simply cannot pay. This leads to using credit cards or payday lenders to try and keep up, and eventually the debts and bills become insurmountable.
As a bankruptcy lawyer, there have been many clients who were otherwise healthy who found themselves in a car accident or some other incident that sends them to the hospital overnight. It is easy for an extended hospital stay to cost tens of thousands of dollars, with subsequent medical care adding even more. For people struggling to make ends meet, these bills are simply too much to pay back.
Also, it is important to realize that medical bills are dischargeable. Many times, clients come to the office and are under the impression that medical bills are not dischargeable. This is wrong. Medical bills are dischargeable debts.
You are not alone. Over 800,000 people sought bankruptcy protection in 2016. Westbrook Law Group can help with a bankruptcy needed to take care of extreme medical bills. We can help give you a fresh start after a serious medical problem.
What is Medical Bankruptcy?
Many people think of medical bankruptcy as one filed to get rid of hospital and doctor bills, which for many people amount to thousands and thousands of dollars. It can go deeper than that. Even if the debtor’s medical bills are covered, you could experience a medical bankruptcy because of loss of income if he has to take off work after an accident or illness.
A major factor in the decision to file bankruptcy for many people is overwhelming medical debt. Certainly, some people are left with enormous amounts of medical debt because they don’t have health insurance.
Can You File Bankruptcy on Medical Bills?
Chapter 7 bankruptcy discharges certain types of debt, including an unlimited amount of medical debt.
Any medical debt, including healthcare costs charged to credit cards, can be included in Chapter 7 bankruptcy.
Chapter 7 can provide immediate relief from other debt collection, too. It automatically stops most creditors from calling you or collecting money, and can even temporarily halt eviction and foreclosure processes.
Chapter 7 can be a fairly quick solution for medical debt, since it only takes around 90 to 120 days from the date you file to the date your debts are discharged. This means you can be free of unpaid medical bills in four months or less.
Chapter 13 bankruptcy is also an option if you have a regular source of income. If your medical condition doesn’t fully impede your ability to earn income, this may be the best option for you.
Filing Chapter 13 can help you with medical debt by allowing you to set up a three to five year debt repayment plan. Monthly payments in the plan are based on what’s determined to be affordable for you.
If you fail to follow your plan or to meet other financial obligations, like filing taxes or paying child support, you could be in jeopardy of losing your assets. If you complete your plan as agreed, your remaining debt can be discharged at the end of the repayment term.
Call today for a Free Consultation
When you’re in debt, it’s difficult to focus on anything else. But there are steps that you can take to get out of debt – even if your credit is damaged or your income has been cut off completely! Call our St. Charles bankruptcy attorneys at Westbrook Law Group to find out how to escape the shackles of debt and get relief in Missouri.
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Call an Experienced St. Charles Medical Bankruptcy Lawyer Today
Westbrook Law Group is here to help you move toward a brighter financial future. Our rates are reasonable and we will work with you to find a payment structure that meets your needs. We understand that our clients are facing financial difficulties and are flexible in our fees. Your initial consultation will be free of charge and you will meet directly with an experienced medical bankruptcy attorney in St. Charles or Troy, MO who will evaluate your case and let you know what course of action would be best for you. To help our clients rebuild credit after bankruptcy, we offer 720CreditScore‘s credit program to all our clients free of charge! To schedule a free consultation, call us today at (636) 486-1122 or fill out our online case evaluation form, and a member of our staff will be in touch with you shortly.