Blog > 2020 > October > Can Bankruptcy Help Relieve My Medical Debts?
There are many reasons why someone would want to get rid of their medical debts. In the current health crisis, thousands of people all across the country have taken a huge hit due to long hospital stays, procedures, and treatments. With all of these unexpected circumstances and payments, making sure you get out unscathed is extremely difficult. Below you’ll find a guide as to how filing for bankruptcy can help relieve you of these burdens.
When many people think of bankruptcy, the common assumption is that it’s typically meant for those struggling to pay off credit card bills or business debts. As a matter of fact, bankruptcy can help relieve a multitude of debts, with medical debt being just one example.
If you are struggling to pay off your medical debts and would like to take advantage of the benefits of bankruptcy, there isn’t a special type to file under. The decision would simply be between Chapters 7 and Chapter 13, and which one would make the most sense for your specific case.
Our team would analyze your finances, outstanding bills, and of course, your debts, to provide our experienced opinion on what route to take and help you come up with the best plan of action.
There are four categories of debt that are considered during the bankruptcy process in order to determine what can/cannot be discharged and how they should be treated in the process:
We understand the struggles that many people have found themselves dealing with in these difficult times. You do not have to stay buried underneath your debts, and we pride ourselves in helping people get back on their feet.
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