Are you drowning in medical debt?

There are many reasons why families are turning to personal bankruptcy for debt relief. While some situations are avoidable, others are completely out of our control.

No matter your age or income, an unexpected accident or illness can turn your life upside down in an instant. If you are self-insured or have health insurance through your employer, this can leave you with mounting medical bills. Unfortunately, this situation is far too common, leaving individuals and families barely treading water in a sea of bills.

Medical debts are out of control

Recent studies indicate approximately 18 to 25 percent of personal bankruptcies filed in the U.S. each year are due to medical debt. Some say that figure may be as high as 62 percent. While the exact numbers are widely debated, there is no denying that a large portion of our nation is feeling the pain. Many people are fighting to stay in their homes and put food on the table, often during the most trying times of their lives – when they are literally and figuratively struggling to survive.

Starting fresh

If you’re one of the growing numbers of people drowning in medical debt, filing for bankruptcy might offer the relief you need. Gone are the days when bankruptcy meant you did something wrong. Filing for bankruptcy will help you put the past behind, allowing you to get a fresh start on the future.

You don’t have to do this on your own

Your family has already spent enough energy at the doctor, sifting through medical diagnoses and trying to make ends meet. While federal law governs much of the bankruptcy process, a portion is specific to Louisiana. With so much information to dissect, filing for bankruptcy without legal counsel can prove quite the undertaking. If you’re considering bankruptcy, your first step should be to seek experienced legal advice.

A bankruptcy attorney at Rowe & Manning Law Firm LLC will review your options with you and help you determine the course of action that best suits your individual needs. Leave the negotiation process to the professionals, so you can focus on what matters most – maintaining your health and enjoying the life that’s before you.