How Bankruptcy Can Help With Medical Debt

The information provided is for general informational purposes only and does not constitute legal advice.  Every legal situation is unique, and you should consult an experienced attorney for advice tailored to your specific circumstances. For personalized assistance, contact our office directly.

Medical debt is one of the leading causes of financial hardship in the United States. Even with insurance, unexpected medical bills can quickly become overwhelming. If you’re struggling to keep up with medical expenses, bankruptcy may provide the relief you need.

At my office in Sebring, Florida, I’ve helped many clients eliminate medical debt and regain financial stability. Here’s how bankruptcy can help you, too.

The Burden of Medical Debt

Medical debt doesn’t just strain your finances—it can affect your mental health and overall quality of life. You may find yourself choosing between paying for basic necessities or making payments on a seemingly insurmountable balance.

Fortunately, bankruptcy offers a way to get relief and start fresh.

How Bankruptcy Discharges Medical Debt

Medical debt is considered unsecured debt, meaning it isn’t tied to collateral like a house or car. Here’s how it’s handled in bankruptcy:

• Chapter 7 Bankruptcy: Medical debt is entirely dischargeable in Chapter 7 bankruptcy. Once your case is completed, you’ll no longer be responsible for paying it.

• Chapter 13 Bankruptcy: If you don’t qualify for Chapter 7, Chapter 13 allows you to include medical debt in a repayment plan, often reducing the amount you owe significantly.

Both options can relieve the financial stress of medical debt and give you the breathing room you need.

Florida’s Generous Bankruptcy Exemptions

In Sebring, Florida, and throughout the state, bankruptcy laws include exemptions that allow you to protect essential assets like your home, car, and retirement accounts. This means you can eliminate medical debt without losing what matters most to you.

Why You Shouldn’t Wait

Medical debt doesn’t just go away. The longer you wait, the more interest and penalties can accumulate, making it even harder to get back on track. Filing for bankruptcy sooner rather than later can help you reclaim control of your finances.

Let Me Help You Find Relief

As a bankruptcy attorney in Sebring, Florida, I understand the challenges of dealing with medical debt. I’ll guide you through the bankruptcy process with compassion and professionalism, helping you make the best decision for your unique situation.

Take the First Step Toward a Debt-Free Future

Don’t let medical debt control your life another day. Call me at [insert phone number] to schedule a free consultation. Together, we’ll explore your options and create a plan to eliminate your debt and rebuild your financial future. Your fresh start is just one call away!