In many situations, people who have been financially responsible their entire lives find themselves suddenly overwhelmed by medical bills related to an unexpected medical emergency. With almost half of the people in America without medical insurance, it could happen to anyone. Medical bills can be overwhelming due to the high amounts, but also by the number of bills. One hospital stay can result in bills from four or five different doctors and offices. When each office expects at least a minimum payment, it can take forever to pay off these bills.
Have you or someone you know been struggling to pay back medical bills and it is negatively affecting your entire financial situation? Our bankruptcy law attorney can help you get out from under the pressure of that debt. Contact a local bankruptcy lawyer to learn more about your options.
Hospital bills that can accumulate from one trip to the hospital include the:
Although some hospitals have their own financial aid system in place, that would only apply to the bill from the actual hospital. In many cases, bankruptcy may be the only option to get out from under the pressure of medical bills, collection calls, and collection notices being sent to your house. Medical debt can quickly get out of control with medical bills easily reaching tens of thousands of dollars.
For individuals with chronic diseases or preexisting conditions, the immense number of medical bills it compounded by the continuously increasing debt as new medical bills are added on. The inability to obtain or afford health insurance may be the main financial downfall for many people. A bankruptcy may allow you to get out from under the medical bills, and work towards restoring your credit. Although filing for bankruptcy will negatively affect your credit, the damage may not be as significant as the damage caused by constantly missing payments, making slow payments, and being perpetually in debt, not to mention the mental stress of immense medical debt can be overwhelming and lead to other health problems.
If you or someone you love has been overwhelmed by medical bills, our bankruptcy lawyers can help you get rid of that medical debt. Contact a bankruptcy law attorney today to get started.