What Should I Do About My Medical Debt?
Beaumont & Houston Bankruptcy Lawyer
An unexpected hospital stay can place any family in a bad financial situation. This is true even for those with health insurance. Medical bills can reach upward of tens of thousands of dollars or more, leaving insured individuals responsible for the remainder that their insurance did not pay. For uninsured patients, hospitals and medical providers may reduce the amount you owe; however, this amount owed may still be too much for you to pay considering your other bills. Ask a bankruptcy attorney in Beaumont if you have questions about your medical debt.
Medical Bills and Bankruptcy
Medical bills are unsecured debts and are dischargeable under Chapter 7 debt liquidation or the
Chapter 13 debt repayment plan. In Chapter 7
bankruptcy, 100 percent of medical bills can be discharged. If you are not eligible to file Chapter 7 bankruptcy, you may be able to discharge a large percentage of your medical bills by filing Chapter 13 bankruptcy. In a typical Chapter 13 repayment plan, you would pay only pennies for every dollar of debt over a three to five-year period. At the end of the payment plan, any remaining medical debt would be discharged.
Clients usually do not feel comfortable discharging medical bills because of the care they received. Clients feel that the doctors or hospitals may not treat them again in the future. Fortunately, doctors' offices, hospitals and other medical facilities are prohibited from discriminating against patients who have had to file bankruptcy to take care of medical bills.
The Beaumont bankruptcy attorneys at the Maida Law Firm, P.C. understand how difficult your situation must be if you are made to consider bankruptcy because of your medical debts. They want to be by your side throughout this process if you are facing medical debt in Beaumont or Houston, Texas. Contact the firm at your earliest convenience to find out how they can help you through your situation.
We have offices in Beaumont as well as Houston. Our Houston office is not staffed by a full time attorney and is available by appointment only.