Large medical debts are one of the most common reasons
people consider filing for bankruptcy in Georgia. Even with insurance, an
emergency visit to the hospital can cost thousands. Filing for bankruptcy is sometimes
the best option for breaking free of medical debt. Your bankruptcy lawyer can
help you decide the best option for your situation.
Bankruptcy Can
Eliminate Medical Bills
Depending on the type of bankruptcy you qualify for, you may
be able to eliminate your medical debt by filing for either Chapter 7 or
Chapter 13 bankruptcy.
Chapter 7 Bankruptcy
If you qualify for Chapter 7 bankruptcy, your discharge will
wipe out your medical bills along with your other general unsecured debts
including credit card debt. There is no limit to the amount of medical debt you
can discharge in Chapter 7 bankruptcy.
Chapter 13 Bankruptcy
In Chapter 13 bankruptcy, medical bills and all other
general unsecured debts are also dischargeable. You may not have to pay unsecured debts back
at all, or you may just pay a portion. The
amount you pay depends on your income, expenses, and nonexempt assets.
There’s no shame in not being able to pay your medical
bills. No matter how high your income or how well-insured you are, expensive medical
bills from accidents and illnesses can happen to anyone.
We understand unexpected medical bills are a common reason
why people in Georgia and the greater Atlanta area consult bankruptcy lawyers.
At King & King, our attorneys understand the difficulties your family is
facing. Call us today at 404-524-6400 for a free consultation.
