Medical Bill Debt Relief
With unemployment continuing to plague most of the nation and medical insurance more expensive than many Americans can afford, the search for medical bill debt relief has become widespread. In fact, many polls of bankruptcy filers find that more than half cite medical bills as a main reason they had to seek bankruptcy protection.
Luckily for many Americans considering filing bankruptcy to get out from medical debt, the bankruptcy court can help do just that. Depending on your circumstances, the bankruptcy process can help you eliminate medical bills in as little as four to six months.
If you're ready to speak with a bankruptcy lawyer about medical bill debt relief through bankruptcy, please fill out this form. Arrange a free, no-obligation initial consultation with an attorney near you today.
Can Bankruptcy Grant Me Medical Bill Debt Relief?
The short answer is possibly. Here's a more nuanced answer, with a look at some of the other things personal bankruptcy may be able to do for you.
- Eliminate medical bill debts: Medical bills are considered low-priority in the bankruptcy court because they are unsecured (meaning that they're not attached to any property). If you file under Chapter 7 of the U.S. Bankruptcy Code, you may be able to have your medical bills eliminated entirely. In Chapter 13 bankruptcy, you may repay your medical bills in part.
- Eliminate other unsecured debts: Medical bills are not the only ones eligible for discharge in bankruptcy court. Other unsecured debts, including credit card bills, cash advance loans, dental bills and more, may also qualify for the bankruptcy discharge. It's important to note, though, that not all unsecured debts can be excused in bankruptcy: student loans, child support, alimony, tax debts and criminal fines are generally non-dischargeable.
- Catch up on other debts: If you file for Chapter 13 bankruptcy, you'll have a chance to catch up on some of your bigger debts, including your past-due mortgage and/or car payments. Depending on your financial situation, Chapter 13 may give you a chance to catch up on secured debts (which, if you don't pay, can mean repossession or foreclosure), by creating an affordable repayment plan.
- Halt collection calls and mail: Another benefit of filing for bankruptcy to get medical bill debt relief is the protection granted by the automatic stay. This is a legal protection that takes effect as soon as you file your case with the court and typically remains effective for the duration of your case. It works by preventing collection action of any kind on the part of creditors, which includes repossession, debt lawsuits, phone calls, mailings and foreclosure. The automatic stay may grant filers a period of peace during which they can get their finances back in order.
Connect with a Lawyer to Learn More About Medical Bill Debt Relief
If you're ready to eliminate your medical debts through a bankruptcy filing, take advantage of this opportunity to consult with a bankruptcy lawyer practicing in your area for a free legal consultation.