An unexpected illness, injury or just plain bad health insurance can lead to uncovered medical bills. If you have medical debt that you simply cannot pay, you are not alone. The unfortunate reality is that studies have shown that almost half of bankruptcy filings include medical debt. In fact, a large number of our clients have been negatively impacted by medical debt that they just simply could not pay.
Unpaid medical debt very often leads to collection efforts by the provider. Medical collections are generally reported negatively on credit reports, making it difficult to obtain loans and often impacting other manageable debt. Collection efforts include demand for payment, referral to collection agencies, lawsuits and ultimately money judgments that the provider can use to garnish wages and seize funds from your bank account.
We routinely hear from our clients that they didn’t know that bankruptcy could help them address outstanding medical bills. If you have medical bills that you cannot pay give us a call. There may be options other than bankruptcy to deal with the debt depending on how much and what stage of collection it is in. Bankruptcy can give you a fresh start and address medical debt.