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:
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.