Got Medical Debt? Bankruptcy May be the Answer!

by DeLadurantey Law Office, LLC on December 2, 2013

Got Medical Debt? Bankruptcy May be the Answer!Individuals who have faced serious medical issues often find themselves overwhelmed by medical debt. This is especially true if you do not have health insurance.  If your medical bills are piling up, it may be time to consider filing a Chapter 7 or Chapter 13 case.

Your medical bills are treated as unsecured debt in a bankruptcy filing. If you file a Chapter 7, the majority of your unsecured debt is discharged or eliminated. Thus, if you had a lengthy hospital stay or required expensive treatments, this can mean you are no longer liable to pay thousands of dollars! For more information on Chapter 7 bankruptcy, click here.

Your medical bills are treated the same as your other unsecured debt in a Chapter 13 case. Your Chapter 13 plan of reorganization will set forth what percentage of unsecured debt will be paid. Most unsecured creditors are paid very little, if anything, in a Chapter 13 filing. Thus, you will most likely pay pennies on the dollar owed which can also save you thousands of dollars!

Don’t let the stress of overwhelming medical bills negatively impact your health and your recovery. Let a skilled bankruptcy attorney at DeLadurantey Law Office help. We can review your financial situation and help you determine which debt relief option is most beneficial for you.

The “Milwaukee Bankruptcy Attorneys,” DeLadurantey Law Office. LLC handle Chapter 7 and Chapter 13 bankruptcies, as well as debt negotiations, debt relief, mortgage loan modifications, and foreclosure defense and debtor’s rights matters.  We serve the areas of Milwaukee, South Milwaukee, West Milwaukee, Milwaukee County, and Waukesha County, including the municipalities of Big Bend Village, Brookfield City, Brookfield Town, Butler Village, Chenequa Village, Delafield City, Delafield Town, Dousman Village, Eagle Town, Eagle Village, Elm Grove Village, Genesee Town, Hartland Village, Lac La Belle Village, Lannon Village, Lisbon Town, Menomonee Falls Village, Merton, Town, Merton Village, Mukwonago Town, Mukwonago Village, Muskego City, Nashotah Village, New Berlin City, North Prairie Village, Oconomowoc City, Oconomowoc Lake Village, Oconomowoc Town, Ottawa Town, Pewaukee City, Pewaukee Village, Summit Town, Sussex Village, Vernon Town, Wales Village, Waukesha City, and Waukesha Town.  Call DeLadurantey Law Office by phone at (414) 377-0518.

 

 

 

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