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  • Medical Debts Might Lead To Filing For Bankruptcy

    Call: 888-297-6203

    According to the Census Bureau, one out of six Americans does not have health insurance. Thus, suffering from an illness or other medical problems has become one of the most common reasons to file for bankruptcy.

    Most of us are surviving on the edge in the current economic circumstances. According to the data of the Census, revolving debt of about $5,100 is carried by the average American cardholder at any one time. It takes only an illness or an accident to make people fall behind on their bills. After that, the rates of interest are increased by the credit card companies which make it impossible for the people to cope with the financial crisis.

    Filing for bankruptcy is not an easy decision to make, but sometimes, it is the best option to get back on one’s feet. In bankruptcy, you can almost always get your medical debts discharged which were attracted due to reasonable health and welfare reasons. Thus, if you are well enough to go back to work, your life can begin to get back to normal.

    Debts can be overwhelming and thus, it is necessary to have expert guidance before making any decision about bankruptcy. You can contact the Recovery Law Group, the best bankruptcy attorneys in Los Angeles & Dallas, TX, at www.staging.recoverylawgroup.com or by calling on 888-297-6203, for expert consultation.


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    • Can Medical Debts Be Responsible For Your Bankruptcy?

      Can Medical Debts Be Responsible For Your Bankruptcy?

      Call: 888-297-6203

      Filing for bankruptcy is an unfortunate event that may or may not be because of the individual. Sometimes, ill-advised investment or spending beyond your means can be the reason for incurring a huge amount of debts. However, many times, it is unfortunate circumstances like loss of job, costly divorce, unplanned pregnancy or huge medical bills that can be the reason for a bankruptcy filing, say lawyers of Los Angeles based bankruptcy law firm Recovery Law Group.

      Illness is one of the most common causes which leads to bankruptcy filing with nearly 62% of bankruptcy cases attributed to this. Thanks to these staggering statistics, such a situation is also called (unofficially) as ‘Medical Bankruptcy.’ compared to other patients, it has been observed that cancer patients are twice more likely to file for bankruptcy compared to other people.

      Medical debts of any type, including cosmetic medical debts are unsecured debts. Generally, all unsecured debts are discharged in case of Chapter 7 bankruptcy; however, cosmetic medical debts might not be discharged as they are not essential and considered a luxury. In Chapter 13 bankruptcy, your disposable income is used to pay back your debts over a period of 3-5 years’. Any unsecured debt which survives after this period is discharged. Reconstructive cosmetic surgeries are essential and therefore any debt related to the same might be discharged. To get medical debts discharged in bankruptcy, you must file for it at the right time. If you are expecting any follow-up surgeries, it would be wiser to hold on to filing for bankruptcy. To know more about medical debt discharge, you can call experienced bankruptcy lawyers at 888-297-6023.


        *Are you more than 60 days past due on your mortgage?

        *Do you own a home?

        Are you currently working?

        By clicking “Submit”, whether I do or do not purchase any products or services on this website, I hereby give my express written consent to receive calls and SMS/text messages, including calls and SMS/text messages made and sent using automated dialing equipment and/or pre-recorded or artificial voice technology and email, about offers and deals that I wish to be kept informed about from (“Partners”), at the phone number and/or email address provided on this form, including any wireless numbers provided, even if I have previously registered the provided number on any Do Not Call Registry. If I do not make a purchase on this website, it is expressly understood that the Partners retain permission to contact me as specified earlier in this paragraph. Carrier SMS/MMS and data messaging rates apply. I also agree that by clicking “Submit” that I agree to the Privacy Policy and Terms and Conditions.