Yes, You Can Eliminate Medical Debt in Bankruptcy
Many necessities in life are expensive. Of these necessities is medical attention in the form of emergency room visits and hospital stays. Health often takes priority over being able to afford medical care. Far too many people have medical debt incurred from surgeries, emergency care and other necessary medical treatment. The cost of health care is high, and a one- or two-night hospital stay could put anyone in debt. At Rothschild & Ausbrooks, PLLC, we help people with medical bills and other expenses file for bankruptcy.
Does unpaid medical debt have you stuck between a rock and a hard place? If so, consider a board-certified bankruptcy lawyer from Rothschild & Ausbrooks, PLLC. Contact our firm today to arrange your free consultation.
Medical debt is unsecured debt. Unsecured debt can be thought of as debt that is not related to property. A home is secured debt — it can be taken away if a person defaults.
Medical Debt and the New Means Test
Creditors, trustees and bankruptcy judges use a means test to determine “extra” income. Your monthly income, rent, food and other living expenses will be calculated in the formula. The means test is used to determine a person’s eligibility to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy. Many people think medical debt is not dischargeable because it is unsecured debt. The means test is part of the process of determining whether or not an individual can pay his or her medical debt. Our firm is highly skilled in addressing the concerns of people with medical debt. Our goal is to find financial relief for our clients that ultimately results in healthy financial situations. Please contact us today to learn how we can help.