Medical bills are often what push people into personal bankruptcy, despite rarely figuring as a family’s largest debt.  But they tend to be unexpected. Nearly 1 in 5 U.S. households are on the hook for overdue medical bills, according to the U.S. Census Bureau.    Many consumers find themselves drowning in medical debt and wonder if bankruptcy can be filed for medical debt without including other debt such as credit cards and other accounts.  You can file bankruptcy for your medical bills but it is unlikely you’ll be able to file without including other debts.   Chapter 7 or Chapter 13 would definitely help with eliminating or reducing your medical debt.

There is no longer a stigma about filing bankruptcy.     When we recover from a medical problem, we view it as a success.   You should consider filing bankruptcy recovering from a financial problem.   A recovery through bankruptcy is a success, too.

Bankruptcy =  Success is True.   You are getting back on track.  Filing bankruptcy does not mean you failed.   It is important to know that the stigma that went along with filing for bankruptcy in the past just is not the same today.  A fresh start with bankruptcy is success.

In the past, individuals with good credit could assume, and rightfully so, that they could always qualify financially to obtain a mortgage or to refinance. Today, that same individual may have difficulties in increasing their limits on a credit card.  In the world of layoffs and downsizing, people are finding it difficult to earn the same amount of money they were earning five years ago. There seems to be no light at the end of the debt tunnel.

When individuals/families can’t find a way to pay their monthly mortgage payments and there is an illness or life changing event in their lives? Their situation worsens.  They continue to try to use their credit cards to pay “normal” expenses.  The situation spirals until, it is out of control. These are hardworking families who are devastated with their situation.

Medical Debt in Bankruptcy – Get Back on Track Sooner Rather than Later

Unfortunately, with the embarrassment that individuals feel, they wait too long to come to a bankruptcy lawyer. There is no embarrassment or shame in bankruptcy-instead it is a way to face their current financial situation and make a fresh start and a positive step to resolving their money problems. In addition, considering bankruptcy is a positive move to chart a new path and protect their future.

When someone comes to the realization that:

• things are just not getting better,
• creditor calls are increasing,
• credit lines are at the limit,
• their home could be in foreclosure

Look for advice from an experienced bankruptcy attorney.   Set up a free bankruptcy consult.   I am here to provide you with your path to future financial success.  Bankruptcy = Success not Failure.

In summary, no one should be embarrassed to file bankruptcy but when you do make that decision to determine if bankruptcy is right for you, set up an appointment with an attorney who specializes in bankruptcy filings. Bankruptcy should be viewed as a fresh start for the future rather than you failed.    Sometimes not filing for bankruptcy protection is the failure.

There is nothing embarrassing about recovery from an illness.   There should be nothing embarrassing about filing bankruptcy to regain your financial stability.

Contact Us for a free bankruptcy consultation,  I will review your medical debts for bankruptcy and your other debts, to determine how I can help you.