Dealing With Medical Bills Through Bankruptcy

Medical Bills can be a source of terrible financial stress. Millions of Americans have struggled with the costs of medical treatment. In fact, one study shows that 6 in 10 Americans have suffered financial hardships because of the cost of medical treatment.

Even those who have medical insurance often have deductibles as high as $13,000.00 per year. That means they will be responsible for the first $13,000.00 of medical expenses they incur each calendar year. So, for example, if they need medical treatment over four different calendar years, they could incur out of pocket medical expenses of over $50,000.00.

In addition, when someone is suffering with a serious health condition, they are often unable to work or can only work reduced hours. This creates even greater financial stress as their income is reduced at the same time their medical expenses are increasing exponentially.

Bankruptcy offers a convenient way to deal with medical problems. If your medical treatment has concluded, you can often file a Chapter 7 Bankruptcy Petition and discharge all of your medical bills and obtain a fresh financial start.

If, on the other hand, you have ongoing medical problems, you can file a Chapter 13 Petition to hold your creditors at bay. Then, when you have completed treatment, you can Convert your Case to one under Chapter 7 of the Bankruptcy Code and discharge the debts you had when you filed your Chapter 13 case PLUS the bills you incurred up to the time you Converted your Chapter 13 Case to one under Chapter 7 of the Bankruptcy Code.

Bankruptcy offers many creative ways of dealing with medical expenses. So, if you are suffering with financial problems, please call (513) 528-0200 or send an email to You can also contact us with through our website by clicking here.

I look forward to helping you,

Greg Wetherall

Cincinnati Bankruptcy Lawyer