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very distressing period in my life, bearable."
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Medical Debt and Bankruptcy
THE
LEAST YOU NEED TO KNOW ABOUT MEDICAL DEBTS
AND BANKRUPTCY:
- Medical expenses are not your fault.
Credit-cards and mortgages are not the only type of debts
dealt with in bankruptcy. Medical debts incurred in the process of
dealing with severe medical problems can affect you for years after your
health problems have passed. A study published by Harvard
professor Dr. Elizabeth Warren showed that over half of all bankruptcies
were related to medical debt. What is alarming is that of those
bankruptcies over 75% of the people had health insurance!
It is possible to do everything right and still find yourself
unable to pay your medical bills. Luckily, medical debts are usually
forgiven in bankruptcy. But medical debts occasionally have
special issues that must be dealt with, so make sure to speak with an
experienced bankruptcy attorney so they can best advise you on your
options.
