With the escalating costs of medical care, many people find it necessary to file for bankruptcy as a result of large medical bills. When people suffer a sudden illness or injury and do not have health insurance, the cost of necessary medical care can be overwhelming. Even when people have health insurance, the uncovered portion of their medical bill for expensive hospital stays, surgery or other expensive services are often more than what people can afford to pay.
According to a 2009 article in CNN:
This year, an estimated 1.5 million Americans will declare bankruptcy. Many people may chalk up that misfortune to overspending or a lavish lifestyle, but a new study suggests that more than 60 percent of people who go bankrupt are actually capsized by medical bills.
Get Relief From Medical Bills
If you are struggling with unmanageable debt as a result of large medical bills, relief is available. With a Chapter 7 or Chapter 13 bankruptcy, you could obtain critical debt relief that will help you obtain the fresh start you have been seeking.
I am Peoria medical bill lawyer Charles Covey. I have been helping clients find solutions to difficult debt challenges for more than 30 years. I have helped thousands of clients obtain debt relief with Chapter 7 bankruptcy and Chapter 13 bankruptcy.
With a Chapter 7 bankruptcy you could discharge your medical debt entirely. With a Chapter 13 bankruptcy, you could obtain critical relief from medical bills by obtaining a debt repayment plan you can afford. You may also be able to discharge a portion of your medical debt at the successful completion of your Chapter 13 plan.
The moment you file for Chapter 7 or Chapter 13 bankruptcy, an automatic stay will go into effect which will halt most creditors from taking further collection activity against you. As a result, you could put a halt to a wage garnishment if your wages are being garnished due to medical bills.
Contact a Peoria Medical Bills Attorney
My law office is located in Peoria, Illinois. Call 309-674-8125 to schedule your free consultation. You may also contact me by e-mail. I work with clients throughout Illinois including Peoria, Pekin, Canton, and Galesburg.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.