Eliminate Debt From Medical Bills
One of the most common causes of debt in the United States is medical bills.
As health care costs continue to rise and individuals are unable to obtain adequate coverage, they often find themselves facing mounting medical bills. This debt can prove overwhelming, but if left unaddressed, it may lead to collections actions such as wage garnishment, foreclosure, and vehicle repossession. However, there are certain actions you can take to stop creditor harassment and eliminate medical debt. At Gudeman & Associates, P.C., our experienced southeastern Michigan bankruptcy lawyers can help you understand your options and devise a plan to regain control of your finances.
Does Filing For Bankruptcy Get Rid Of Medical Debt?
Debt is classified in various ways, with some forms considered more important than others. Debts resulting from medical bills are considered “unsecured, nonpriority” debts, meaning they are not given priority when making payments to creditors. In other words, filing for bankruptcy, specifically Chapter 7 bankruptcy, can offer a simple, straightforward solution to wiping out your medical debt. There is no limit on how much medical debt you can have in order for it to be eliminated in a Chapter 7 bankruptcy, however, you must meet certain qualifications in order to file for this type of bankruptcy.
Do I Qualify For Chapter 7 Bankruptcy?
In order to file Chapter 7, and thereby have your medical debts absolved, you must first qualify. At Gudeman & Associates, P.C., our Royal Oak bankruptcy attorneys can help you determine if you qualify for Chapter 7 bankruptcy and can help you weigh the pros and cons of this option. Even if you do qualify, it may not be in your best interest to file for Chapter 7. We can help you create a plan of action to regain control over your medical debts.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.