An unexpected illness or hospital stay can have devastating financial effects on individuals and families. Even with insurance, medical debt can accumulate and cause financial hardship. Many are left struggling with debt regardless of their financial situation before the illness or hospitalization.
Chapter 7 and Chapter 13 bankruptcy can relieve you of your medical debt. It may be time to talk to a Phoenix medical debt bankruptcy lawyer about your specific options.
Contact the Wright Law Offices at 480-269-9707 for a free consultation in Phoenix, Scottsdale or Tempe. We will analyze your financial circumstances and identify if bankruptcy is your best option to seek relief from medical debt.
Bankruptcy and Medical Debt
Medical debt is considered unsecured debt, and unsecured debt is dischargeable through Chapter 7 bankruptcy. Debt is typically discharged within four to five months of the bankruptcy filing.
If an individual is not eligible for Chapter 7 bankruptcy, Chapter 13 bankruptcy may still be an option. In Chapter 13 bankruptcy, medical debt is reorganized and may be significantly reduced. A repayment plan is established, allowing the debtor to repay a portion of the debts over a three- to five-year period.
Contact a Scottsdale Medical Debt Relief Lawyer
Consider this: Doctors do not have to continue providing service to someone who cannot make payments. If you are struggling with debt and in need of medical care, there is no time to waste. Your health — or the health of your family — may be at risk.
Contact a bankruptcy attorney serving clients in Phoenix, Scottsdale, Tempe, Avondale and other locations in Arizona. Call 480-269-9707 to schedule a free consultation.
