Medical Debt Bankruptcy Attorneys In Boca Raton
After credit card debt, medical bills are a leading reason individuals file bankruptcy. If you are uninsured, a single hospitalization can result in a crushing debt burden. Even with health coverage, you can still incur thousands of dollars in medical debt in deductibles and copays.
- At FurrCohen, in Boca Raton, our lawyers are dedicated to helping consumers in South Florida get rid of excessive debt, including hospital and doctor bills. Most of our clients who file Chapter 7 bankruptcy keep their assets and lose nothing but their debt.
Can I Discharge Medical Debt In Bankruptcy?
If you qualify for Chapter 7 bankruptcy, you can discharge 100 percent of your medical debt. Before you take drastic steps to pay medical bills, such as dipping into your 401(k) or IRA accounts, talk to our attorneys to find out if bankruptcy offers a solution.
If you file bankruptcy, you can be debt-free in as little as six months. Other options may only put off the inevitable:
- Negotiating with the medical provider: While you can negotiate a payment plan with the hospital or doctor, doing so might mean that you do not have enough money at the end of the month to pay your other bills, plunging you deeper into debt.
- Robbing Peter to pay Paul: Borrowing money from relatives simply exchanges one type of debt for another. Filing bankruptcy gets rid of the debt rather than moving it around.
- Ignoring the debt: Ignoring debt won’t make it go away. You could be subject to garnishments and other adverse creditor actions unless you deal with the problem.
Chapter 7 bankruptcy discharges medical and other types of debt, while allowing you to keep assets protected by bankruptcy exemptions. It enables you to put your debt problems behind you and get a fresh financial start.
Contact The Boca Raton Medical Debt Attorneys Of FurrCohen
To learn more about how bankruptcy can eliminate medical debt, turn to the highly skilled and experienced personal bankruptcy attorneys of FurrCohen.
Please contact our Boca Raton, Fl office to speak with our bankruptcy lawyers, call 561-395-0500 or contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.