CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Can Medical Bills Be Included in a Bankruptcy? Here’s What You Need to Know

Can Medical Bills Be Included In A Bankruptcy Tampa, Florida.Can Medical Bills Be Included in a Bankruptcy?

Medical problems are stressful enough without facing a significant debt burden after the fact. But all too often this is what happens. Medical bills cause most bankruptcies and many people, some of whom still face health issues, find themselves saddled with hundreds of thousands of dollars in medical debt. But can medical bills be included in a bankruptcy?

For most people, the answer is “yes.”

Medical bankruptcies, or bankruptcy that occur due to medical debt, are common. For many, filing for bankruptcy is a way out from under crushing medical debt. And even if there was a time they would’ve never considered bankruptcy or they view bankruptcy as failing, it is their best option once they are faced with uncertain and expensive medical issues.

Fortunately, medical debt is dischargeable in both a Chapter 7 bankruptcy and Chapter 13 repayment plans. In either case, medical debt is discharged if it cannot be paid in full. This means you can move forward with whatever life has in store for you without the burden of your medical expenses hanging over your head. You’ll get a fresh financial start, which is a big relief even if you still have a lot of issues on your plate regarding your health.

Medical Debt Makes Health Problems Worse

The irony of dealing with medical debt is that you might be undoing a lot of the good that came from the services that cost you so much. You pay medical professionals to treat your immediate medical concerns, but the exorbitant cost of that care leaves you in debt.

Debt and the pressure it brings if you can’t keep up is extremely stressful. Out-of-control stress caused by your debt negatively affects your health and triggers additional problems. It’s a vicious cycle that drains you and impacts your quality of life.

You can learn more about the negative effects of debt stress here.

Filing for bankruptcy, even if it is not something you ever imagined doing, relieves you of all or part of your debt obligation and eliminates the stress you face regarding the cost of your medical care. You’ll not only enjoy financial benefits from filing, but you’ll also reduce your health risks.

How Do I Know If Bankruptcy Is the Best Option for Me?

If you’re wondering can medical bills be included in a bankruptcy, here’s some good news: They can and you’ll enjoy a variety of other benefits when you file, too. But this isn’t to say that filing for bankruptcy because of medical debt is for everyone.

How do you know if you are a good candidate? You should consider medical bankruptcy if:

  • Medical debt isn’t your only debt, even if other debts were affordable before your medical issues arose
  • You’ve tried working with medical creditors about reducing or eliminating your debts and it’s been unsuccessful
  • It’s impossible to create a payment arrangement directly with the medical care provider – some are willing to take as little as $10 or $20 a month, but this isn’t always the case
  • Your medical debts have been reported to a credit bureau or creditors are threatening to do so – something that sometimes happens less frequently with medical debt than other types of debts
  • Medicaid or Medicare isn’t providing you coverage

There are no guarantees with medical debt and everyone’s situation is different. In some cases, medical debt is easier to manage than other types of debt, which means you have more options. But this isn’t always the case. The best thing to do is to speak to an attorney who can evaluate your situation. They will help you determine if bankruptcy is your best choice.

If you’re concerned about medical debt, we can help. To schedule a free consultation to discuss your situation, contact the Law Office of Robert M. Geller at 813-254-5696.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Are Medical Issues Forcing You Into Bankruptcy?

Many Americans wind up in debt because of medical bills. One of the most common reasons for filing bankruptcy in...
Read More

Law Offices of Robert M. Geller, P.A. Congratulates Danielle Austin For Receiving the Patriot Award from the United States Department of Defense

Award Recognizes Support of Guard and Reserve Members Who Work for the Organization Tampa, Florida, June 29, 2021 – The...
Read More

Is Your 401k or Other Retirement Savings at Risk in Bankruptcy’s Liquidation of Assets?

If you’ve spent years saving for retirement, putting that money at risk when you file for bankruptcy is likely one...
Read More

Tips to Help You Protect Your Assets When You File for Bankruptcy

One of the most intimidating aspects of filing for bankruptcy is protecting your assets. Worrying about whether bankruptcy puts their...
Read More

How Does Bankruptcy Affect Vehicle Ownership? What Assets Can You Keep through the Bankruptcy Process and Does It Affect Your Car?

Many people struggling financially avoid filing for bankruptcy because of concerns about losing important assets like their vehicles. The good...
Read More

Is There a Legal Way to Hide Assets When You File for Bankruptcy?

Filing for bankruptcy can be an overwhelming experience. The relief you receive when you file helps you feel better about...
Read More

Do Bankruptcy Trustees Take Your Savings? What is Considered an Asset in Bankruptcy and How Does It Affect the Money You’ve Saved?

Bankruptcy trustees gain access to a variety of your assets when you file. But what is considered an asset in...
Read More

Can Filing for Bankruptcy Help You Protect Your House?

fiHow filing for bankruptcy affects your home is one of the greatest concerns people have when they consult with bankruptcy...
Read More

Should I Refinance a Student Loan I Can’t Discharge in Bankruptcy?

Student loan debt is overwhelming many people. Could refinancing be the answer to help you avoid bankruptcy if your student...
Read More

Can Student Loan Consolidation Help You Avoid Bankruptcy?

One of the most common questions people have when they consider bankruptcy is “can student debt be discharged in bankruptcy?”...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo RG Seal

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions