Indianapolis Medical Bankruptcy Lawyer
Helping People in Indiana with Bankruptcy for Medical Bill Debt
The rising cost of healthcare has led to financial disaster for millions of Americans. Unpaid medical bills are one of the main reasons that people are forced to file for bankruptcy. In 2010, more than 1.5 million individuals filed for bankruptcy, 42% of which claimed that medical expenses were the primary cause of their financial state. Even if you possess health insurance, costs that are not covered, such as copayments and procedures, can leave you on the brink of financial ruin.
Can You File Bankruptcy for Medical Bills?
The short answer to this is: yes. Medical bills qualify as unsecured debts, which can be discharged in bankruptcy. For information on how to do this, read on!
How to Clear Medical Debt
Discharging debt through bankruptcy offers a number of immediate and long-term benefits. When you file for bankruptcy, the automatic stay begins and forces your creditors to halt any attempts to collect these debts. Garnishments, lawsuits, and harassing collection attempts must stop once you file for bankruptcy.
How to File Medical Bankruptcy
Technically, there is no “medical bankruptcy” -- it is not a type of bankruptcy that may be filed, but simply, it describes debt that is caused by medical bills. You may be able to discharge medical debt when you file for bankruptcy.
You may get rid of medical debt (including medical debt that has been charged on credit cards or has been paid through a personal loan) by filing for Chapter 7 or Chapter 13 bankruptcy. If you file for Chapter 7 bankruptcy, the court will liquidate your non-exempt assets in order to discharge your debt (including medical debt). In Chapter 13 bankruptcy, your debt (including medical debt) will be discharged when you complete your 3 or 5-year repayment plan.
Bankruptcy Cost in Indiana
In the state of Indiana, the cost of bankruptcy depends on which chapter you are filing for:
- Chapter 7: $338
- Chapter 13: $313
If you are unable to afford these, you can apply for a filing fee waiver -- if you meet certain requirements, it may be granted. You may also choose to pay the fee in installments.
Be aware that there are other things that may cost you when filing for bankruptcy in Indiana:
- Credit Counseling Course: under $50 (may be waived)
- If required, mailing documents to the bankruptcy trustee
If you need to file for bankruptcy in Indiana due to your climbing medical debt, reach out to our Indianapolis medical bankruptcy lawyers at Jackson & Oglesby Law LLC. Call (888) 713-5148 to make an appointment for a free initial consultation today. You do not have to suffer from debt while you are healing. Reach out to us today.
Discharge Medical Debt Today
Bankruptcy is a powerful means of relieving the pressure caused by medical debts and an experienced lawyer can help you take action against them. Our lawyers at Jackson & Oglesby Law LLC help clients obtain a fresh financial start by filing either a Chapter 7 or Chapter 13 bankruptcy for medical bills.
Our affordable law firm is fully prepared to guide you through the legal process. We can help you evaluate your debts and advise you on the best actions for your situation.
If medical bills have resulted in your assumed imminent financial ruin, please take the time to speak with our firm. We can provide you with the legal counsel you need.
Contact Jackson & Oglesby Law LLC to schedule a free consultation with an Indianapolis medical bankruptcy attorney.