Is medical debt dischargeable through bankruptcy?

An illness or injury can have a drastic impact on your life – physically, emotionally, and financially.

It is common for individuals dealing with a serious illness or injury to struggle with medical bills. The cost of surgery, hospitalization, rehabilitation, medication, and other expenses can be overwhelming – even with good health insurance.

When it becomes difficult or impossible to keep up with medical bills, it may be time to consider bankruptcy as an option.

Research done by NerdWallet in 2013 indicates that people struggling with medical debt account for the majority of personal bankruptcy cases. If you are having a hard time paying your medical bills, you’re not alone.

Does bankruptcy clear medical bills?

Yes. Bankruptcy can eliminate medical bills. Both Chapter 7 and Chapter 13 bankruptcy can be effective in dealing with medical debt:

• Chapter 7 bankruptcy: This type of bankruptcy eliminates medical debt and other unsecured debts. Most people who wish to file Chapter 7 bankruptcy do qualify. Eligibility is determined through a bankruptcy means test.
• Chapter 13 bankruptcy: This type of bankruptcy reorganizes debts. A payment plan is established that spans three to five years.

Financial problems can add to the emotional toll of an injury or illness. Bankruptcy offers a solution to your financial issues, allowing you to focus on your health and recovery.

Get help today: If you are struggling with medical debt and wish to speak to an attorney about your specific options, call Rowe & Manning Law Firm LLC at 800-724-1992 or 225-293-8787.