Medical debt is a unique kind of debt because you can’t predict it or control it. The only way that most people can ensure they don’t owe medical debt is to ignore the need for all medical care, including emergency care. This isn’t something that is desirable for most people. With that in mind, you do have an option for getting out of medical debt if you find that it is overwhelming you.
Filing bankruptcy is one option for getting out of medical debt. We know that you might want to pay for the bills that you have amassed, but you might not be able to because you just don’t have enough money. We are here to help you learn about how filing bankruptcy can help you and how it will affect you in the future.
Needing medical care, especially if you are uninsured or underinsured, can lead to considerable problems. You might have to miss work, which means that your income stops. The regular bills you have won’t stop during this time and you are adding the cost of medical care to your expenses. This is something akin to a perfect storm that can wreck your finances.
We know that you might have some questions about how you can handle these debts. Whether you are unable to work or just can’t bring in enough money to keep up with the bills, bankruptcy might provide you with the relief you need so that you can get back on your feet. Make sure that you understand the process and what responsibilities you have before you make a firm decision about filing.