Bankruptcy Can Eliminate Medical Bills - Doctor Bills - Hospital Bills
As experienced Texas Bankruptcy Lawyers we have seen many cases where medical bills have motivated people both young and old to file for bankruptcy. If you have medical bills and need debt relief, contact The Law Offices of R.J.Atkinson for a free bankruptcy evaluation. We have helped thousands eliminate millions of dollars in debt and we may be able to help you to completely get rid of your medical bills.
Medical bills after a temporary illness or medical debt that is mounting due to a chronic medical problem can bring many in Texas to the edge of financial ruin. It’s difficult to think that many people in Texas find themselves knee deep in debt because of temporary illness or chronic medical problems. If you or a loved one have suffered from an illness, which has left you with medical bills, doctor bills, hospital charges, or any other type of medical debt, you may consider bankruptcy as an option to deal with those bills. Depending on your financial situation, you may be able to completely eliminate your medical bills by discharging them in bankruptcy.
With the rising costs of healthcare and the high cost of medical insurance for employers, it can be very costly should you or a loved one become sick or suffer a long term illness. If the illness is serious or causes you to not be able to work, then this can compound your debt. Incurring debt from medical expenses and doctor bills while having little or no income can eventually take its financial toll. For some people in Texas, filing for bankruptcy may be the best option to deal with their medical bills.
Chapter 7 Bankruptcy & Medical Bills
When you have significant medical bills, filing for Chapter 7 Bankruptcy can often get rid of your medical bills completely. If you’re eligible to file for Chapter 7 bankruptcy you can eliminate medical bills, hospital charges, doctor bills, medical collections, dental bills, as well as most any type of medical debt. That’s because medical bills are considered unsecured debts, and are treated in bankruptcy like credit card debts. As such, medical bills can be totally eliminated in a Chapter 7 Bankruptcy.
Chapter 13 Bankruptcy & Medical Bills
In situations where the Bankruptcy Means Test dictates that you aren’t eligible to file for Chapter 7 Bankruptcy, you may instead choose to file for Chapter 13 Bankruptcy. A Chapter 13 Bankruptcy is a court supervised repayment plan which can allow you to keep your most important property while repaying your debts over time. If you file for Chapter 13 Bankruptcy you may be able to significantly reduce your medical bills. Chapter 13 can allow you to repay your medical bills over a 3 to 5 year period of time based on your disposable income. Quite often, Chapter 13 Bankruptcy forces unsecured creditors like medical debts, hospital bills, and doctor’s bills to accept pennies on the dollar.
When your health or the health of your children or other loved one is at stake, you will spare no expense to get them or you back to health. Likewise, should you or a loved one suffer a life-threatening health crisis, you will often say to the doctor or hospital staff to do anything at whatever the cost, “Cost is no object”. Unfortunately, cost is an object in the health care system, and many times ends up as a debt that will go unpaid. This happens for many reasons such as having no health insurance, having inadequate health insurance, or not being able to afford health insurance that may be available. While the rest of the civilized world offers healthcare in some form to its citizens, the United States of America spends billions of dollars on advances in healthcare and medicine, yet remains far behind in offering medical coverage and health insurance for its citizens. It’s no secret that healthcare costs are inflated and getting out of control. Those in Texas who can’t afford healthcare must sometimes choose between their money or their life, since going without health insurance because of the cost ends costing much more when serious illness occurs.
Luckily, there is relief from medical debts. The United States Bankruptcy Code provides a way to get rid of the medical debts that cannot be paid. In fact, there are lots of people who file bankruptcy because of financial problems due to medical bills.
If you have medical bills, doctor bills, hospital bills, medical collections, or any other debt problems, don’t wait until you loose everything before you get financial help. Bankruptcy may be an option for a fresh financial start. If you are considering your bankruptcy options to get rid of, or reduce your medical debt, contact the Texas Bankruptcy Attorneys at The Law Offices of R.J.Atkinson for a free initial consultation to see if you are eligible to eliminate your Medical Bills. With offices in Austin, San Antonio, Houston, and Dallas, we can help you file for bankruptcy and deal with your Medical bills.