Most U.S. households cannot absorb an unexpected expense of $500, let alone the double whammy of huge medical bills and loss of income. If you are buried in debt because of ongoing health problems or a recent medical crisis in the family, filing for bankruptcy could be the best solution.
Our experienced bankruptcy lawyers have helped many clients get out from under the crushing burden of medical debt. Robert J. Adams & Associates handles Chapter 7 and Chapter 13 consumer bankruptcies in Cook County and Lake County.
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Don’t spend another day worrying about bill collectors and your finances. Call us today for an appointment. We offer no money down filing for qualified clients.
Yes, Medical Bills Can Be Discharged
Medical bills are unsecured debt. The hospital or doctor’s office can pursue legal action, but your medical debts are not backed up by collateral.
- Unsecured debts can be discharged (wiped clean) in a Chapter 7 bankruptcy. You will not have to repay those debts and medical providers and insurance companies cannot come after you.
- If you do not qualify for Chapter 7 discharge of medical debts, you can get relief through Chapter 13 bankruptcy, in which you make partial repayment over three or five years.
Many Illinois residents have no health insurance. Even if you have decent coverage, you may be responsible for 20 to 30 percent of the costs, plus copays and deductibles. This can quickly add up to tens of thousands of dollars for a serious medical condition. The protections of bankruptcy can cover ambulance bills, hospital bills, doctor’s bills, medical equipment and other debts incurred because of health problems or an accident.
Many people also max out their credit cards or take out payday loans to cover medical hardships — those debts can also be discharged or deferred in bankruptcy.
Take Your Life Back
You can’t focus on recovering your health when you are stressed by financial problems and harassed by creditors. Take action before you lose your car, your home and everything. Contact our attorneys today to arrange a free bankruptcy consultation at our offices in Chicago or Waukegan.
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