Accidents, illnesses, and chronic health conditions can pop up unexpectedly. Unfortunately, with the high costs of doctor and hospital care, you could easily find yourself overwhelmed with medical debts. If you fall behind in making payments, your account will be referred to a collection agency and you could find yourself facing harassing phone calls and legal actions, such as court judgments and liens. Filing for bankruptcy can provide some much-needed relief in this situation and allow you to focus on your recovery.
If you are dealing with the burden of outstanding medical debts, it is important to realize that you are not alone. According to The Balance, average healthcare costs per person in the United States are more than $10,000 per year. Add in an accident that leaves you with serious injuries or a major illness, and you could easily find yourself owing tens or even hundreds of thousands of dollars in out-of-pocket costs.
If your health prevents you from working, it can be hard just to meet your basic living expenses and the other bills you owe. Unfortunately, the stress of dealing with creditors and calls from collection agencies can take an additional toll on your health. In this situation, filing for bankruptcy may be your best option.
Bankruptcy is designed to help otherwise honest, hard-working people deal with overwhelming financial debts. For people struggling with medical bills in Michigan, filing for Chapter 7 bankruptcy allows you to eliminate these and other unsecured debts, such as credit card balances, providing them with a fresh start.
Filed locally through the U.S. Bankruptcy Court, a bankruptcy petition immediately puts a stop to harassing calls and any legal actions collection agencies may take. In order to file, you will need to provide the following information:
At the Law Office of Karen E. Evangelista, P.C., we help people dealing with outstanding medical debts get the financial relief they need so they can focus on their recovery. To find out if you are eligible to file for a Chapter 7 bankruptcy, call or contact our Rochester bankruptcy attorney online and request a free, no-obligation consultation today.