HAVE YOU BEEN JUST SUED BY YOUR HOSPITAL DUE TO UNSECURED MEDICAL BILLS

Title: HAVE YOU BEEN JUST SUED BY YOUR HOSPITAL DUE TO UNSECURED MEDICAL BILLS? KNOW YOUR WINNING CHANCES! You have accrued over $30,000 in medical bills which you can’t pay, and this is not at all counting the $15,000 you’ve put on your credit card already. Now, if you file for bankruptcy, you’d like to know, if it could help discharge your medical debts.

Medical debts are amongst the most common types of debts in the United States of America, and people have started seeing bankruptcy as a smart way to relief. ‘How can filing bankruptcy help wipe out your medical debts’ has been discussed in this article – How’s medical debt served in Bankruptcy?

When you file bankruptcy, your overdue amounts are segregated into several categories. There are however certain debts that receive treatment on prior basis and there are also some that cannot be wiped out through bankruptcy filing. Medical debts, fortunately, are not one of them.

Medical bills in bankruptcy are considered amongst the common unsecured debts, just as your credit card bills, and it is to say that medical bills do not receive any prioritized treatment. Filing bankruptcy has a potential to wipe out your medical bills.

Various ways medical bills can be eliminated through bankruptcy filing: Based on the bankruptcy type you qualify for, you may be able to wipe out your medical debts by filing either Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. Chapter 7 Bankruptcy is anyway the most common choice while in medical debts, because Chapter 13 bankruptcy gets more complicated in this case.

In Chapter 7 bankruptcy On qualifying for Chapter 7 bankruptcy, the discharge will eliminate your medical obligations along with other unsecured bills. There’s no edge to the amount of medical debt you can eliminate in Chapter 7 Bankruptcy. However your income has to be low enough to qualify the Means Test in Chapter 7 Bankruptcy.

Medical bills that are paid with credit card may also be discharged together with your credit card bill.

In Chapter 13 Bankruptcy In this category of bankruptcy, medical debts are combined with other unsecured bills and scheduled in your repayment plan. Amount to be paid to your general unsecured creditors totally hinges on your income, nonexempt assets and expenses.

Each of the creditors then gets a pro rata portion of the whole amount that goes into the debts in your repayment plan, which is typically some dimes on the dollar. Nevertheless, remember one thing that your request for medical debt elimination may be turned down if it’s found to be exceeding Chapter 13 debt limits.

What we at Recovery Law Group would like to suggest here is consult a reputed and experienced ‘Consumer Protection Law Firm.’ We can be your quick and easy to access choice.

Recovery Law Group pride itself on having the most unique and best faculty of medical debt defense lawyers. Our medical bill attorneys are worth your time and money both.

Call now to book a free bankruptcy consultation!