Bankruptcy Can Be A Solution To Overwhelming Medical Debt
A medical emergency is almost always unexpected and something that is very difficult to financially plan for. Even if you have health insurance, a devastating diagnosis or even an out-of-network ambulance ride can result in tens of thousands of dollars in debt. It’s little wonder that medical debt is one of the leading causes of bankruptcy in the United States.
This is something we see all the time at the law firm of William H. Lively, Jr. WHL, PLLC. Almost every bankruptcy case we handle involves some amount of medical debt. This is an unfortunate reality, as people are not only coping with a medical issue or its aftermath, but also with a stressful debt problem. The reassuring news is that there is a solution. When you contact our firm, we can discuss whether bankruptcy would be an appropriate remedy to help you find relief.
Medical Debt Can Typically Be Discharged In Bankruptcy
The two most common types of consumer bankruptcy are Chapter 13, which focuses on reorganizing and repaying debt, and Chapter 7, which focuses on discharging (legally forgiving) debts. Not all types of debt are dischargeable. However, medical bills are considered “unsecured debt” (not backed by collateral), and they typically can be discharged.
If you qualify for Chapter 7 bankruptcy (based on income and other factors), our firm can help you wipe out medical debt and other unsecured debts permanently in a matter of months. Even if you don’t qualify for Chapter 7, we can help you reorganize medical debt into a manageable repayment plan in Chapter 13 bankruptcy.
By filing for bankruptcy, we can also help you immediately stop creditor harassment and pause foreclosure and other collection-related activities.
Medical Debt FAQ
Can I Get My Medical Debt Forgiven?
Medical debt is a kind of “unsecured debt,” which can be discharged in personal bankruptcy. If you have heavy medical debt, you can likely get the debt forgiven if you qualify for Chapter 7 bankruptcy, or you may be able to get your medical debt reorganized into a workable repayment plan if your case is more suited to Chapter 13 bankruptcy. We can assess your situation and explain your full range of options.
Is Medical Debt A Common Type Of Debt In Bankruptcy?
Yes. Medical debt is the most common type of debt that people need discharged through bankruptcy. If medical bills are a factor in your debt situation, you are not alone. It isn’t fair, but medical debt is very common. We are here to help you discharge or reorganize your medical debt through bankruptcy.
Do I Need A Bankruptcy Attorney For Medical Debt?
The bankruptcy process is complex and overwhelming for most people, unless they are bankruptcy lawyers. The best and most efficient path toward getting your medical debt forgiven is to discuss your case with us today. We are known for taking great care of our clients. We are a local law firm in Tyler, serving clients throughout East Texas.
Get Started On The Road To Financial Recovery With A Free Consultation
You don’t have to keep enduring the stress that comes with heavy medical debt. Let us help you get the bankruptcy relief you need for a fresh start. The law firm of William H. Lively, Jr. WHL, PLLC, is one of the leading bankruptcy firms in East Texas. To schedule your free consultation, call our office in Tyler at 903-920-0008, or complete our contact form.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.