Medical Costs Forcing You Into Bankruptcy?
We've all heard the horror stories of individuals and families being forced into bankruptcy because of medical costs. What most people do not realize is that even people who have medical insurance are finding bankruptcy as their only option. A car accident on an icy morning commute, an illness contracted while travelling, or a life-saving surgical procedure are all situations in which we turn to our insurance company to cover our medical costs.
But insurance sometimes doesn't protect us. An insurance company will sometimes drop your coverage or they may refuse to honor your benefit claim. When an insurance denial happens, a $50,000 bill can appear in your mailbox with amazing speed.
Bankruptcy May be Your Best Option
At Joyner Law Office, located in downtown Chicago, attorney Veronica D. Joyner has helped many individuals with large medical bills get back on their feet financially and find medical debt relief through bankruptcy. Illinois hospitals and physicians usually don't take a hard-line approach and attempt to fight the bankruptcy proceedings. In fact, they are usually willing to work with a trustee to find a workable repayment plan for a portion of their costs. Your options will vary depending upon your income status, and whether or not you have completed your medical care.
The medical debt relief options available are:
- Chapter 7 — the easiest to complete and fastest option if you meet the assets and income means test
- Chapter 13 — a medical debt relief option which allows you to retain more assets compared to a Chapter 7, but requires you to repay some of your debts
- Debt workout — sometimes an option which we'd be happy to explore with you
Act Now to Pursue Medical Debt Relief
If you are feeling stressed or desperate due to mounting medical bills not covered by insurance, Joyner Law Firm can help. Our firm focuses on bankruptcy law and other debt relief methods available in Illinois. Call our toll free number, 888-675-4569, or send us an e-mail to schedule an initial free consultation with a lawyer.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
