One of the most common reasons for debt to spiral out of control is a sudden illness or injury.
Can Medical Debt Be Discharged in Bankruptcy?
Medical debt is generally unsecured debt, meaning it is easily discharged in bankruptcy. The accumulated costs of doctor visits, hospital stays, surgeries, physical therapy and more can be eliminated completely in Chapter 7 and reduced or eliminated in Chapter 11 or Chapter 13.
Illness and injury often lead to greater financial problems than just doctor bills. You may not have been able to work for some time. You may have added to your overall unmanageable debt burden by covering living costs with credit cards to compensate for the lost wages. We can help you address this debt through bankruptcy as well.
Should You Discharge Your Medical Debt?
We are very careful to help you make the right decisions when filing bankruptcy. If you have seen a family doctor for years and that is where you have accumulated medical debt, you may need to take into consideration the impact of filing bankruptcy. Will the family doctor be willing to remain your family doctor after the debt has been discharged? If this is an important relationship for you to maintain, we will discuss ways to maintain it.
To Learn About Your Options For Medical Debt Relief In Bankruptcy, Contact Us For A Free Initial Consultation
To learn about medical debt and bankruptcy in a free initial consultation, call 203-286-4121 or email us.
Balbus Law Firm is a debt relief agency. We help people and businesses in New York and Connecticut file for bankruptcy relief under the Bankruptcy Code.