Medical Debt

Medical debt is one of the leading causes of bankruptcy in Los Angeles and throughout Southern California.  Health care costs are climbing every year, and a major illness or injury can quickly create a mountain of bills which are beyond the means of many people to cope with.  Even if you have insurance, you can still have a large medical debt. Insurance rarely covers all your medical expenses. Moreover, medical bills often come from a multitude of providers, and missing or late payments are quickly turned over to bill collection agencies, leading to threatening letters and harassing phone calls at home and at work, as well as damage inflicted on your credit report.

Adding insult to injury is the fact that a severe injury or illness often requires you to miss several days, weeks, or months of work, or even to lose your job.  If you become temporarily or permanently disabled from employment, paying off your medical debt simply may not be possible. 

Medical debt is unsecured, and as such it is dischargeable in a Chapter 7 bankruptcy. If you are unable to meet your medical bills, speak with a knowledgeable bankruptcy attorney to find out if Chapter 7 is right for you, or if there may be other options available. In Southern California, contact The Los Angeles Bankruptcy Firm for a free consultation.