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Can Bankruptcy Wash Medical Debts Away?

Author : Thomas McAvity

If you've had a previous injury or disease, odds are the medical bills have already started swimming in. As depressing as it might be, many individuals declaring bankruptcy have accumulated piles of debt for medical bills and are not able to keep up with repayments on them and all of their other bills.

Sad to say, at least for the health care providers, is usually that medical bills to medical professionals and medical facilities are typically regarded as unsecured debt and provided everything included as well in a personal bankruptcy filing is accurate, will usually be wiped clear in a Chapter 7 personal bankruptcy filing.

Obviously, those who wish to repay their debt but simply need much more time and flexibility often opt to file Chapter 13 bankruptcy, if they qualify. Although, when filing for bankruptcy all outstanding bills have to be listed and will end up part of the personal bankruptcy.

All of your creditors can file with the individual bankruptcy court to obtain a portion of assets sold as part of the bankruptcy. But, in many cases the creditors for medical expenses write off the exact amount owed. That is not to state they don't have recourse, seeing that some medical providers can deny to treat people who have filed individual bankruptcy and failed to repay past bills. Emergency service will normally be available by emergency health care providers to a sufferer whenever they have placed their bills in bankruptcy, however they can refuse any non-life threatening services.

People who do file Chapter 13 personal bankruptcy could eventually pay off all bills, using a court trustee defended repayment plan. It normally takes 3 to 5 years to extinguish all the bills, according to the volume of the debt and the filer's income. However, the doctor and various medical providers are assured of getting paid, given the individual preserves their debts to the court.

Quite a few medical procedures, specifically those considered cosmetic in nature, might not be listed as unsecured loans. That's why many medical providers don't accept payment options on particular procedures. Procedures performed strictly for cosmetic purposes generally require payment up front since there isn't something that can be repossessed such as an automobile or a home to be able to have collateral on the loan.

Those individuals who are struggling and not able to pay their medical expenses or regular bills should speak to a bankruptcy attorney. The longer you disregard your debt, the more daunting it can become. Talk about your financial options with a bankruptcy lawyer to be certain bankruptcy is the proper answer for your problems and then take action to get yourself on the road to being debt free. A personal bankruptcy attorney can also help you with all individual bankruptcy filing documentation, if you choose to file Chapter 7 or Chapter 13.

Author's Resource Box

The Oregon bankruptcy lawyers of Northwest Debt Relief Law Firm are committed to helping people throughout both Oregon and Washington get out of debt, including, where appropriate, filing petitions for relief in the United States Bankruptcy Courts. Whether individual bankruptcy or Chapter 13 is right for you, Northwest Debt Relief Law Firm can help you get a fresh start and get your personal finances back on track.

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Tags:   bankruptcy, bankruptcy oregon, oregon bankruptcy, bankruptcy vancouver, bankruptcy in oregon, bankruptcy vancouver washington, filing bankruptcy in oregon, bankruptcy portland, bankruptcy salem oregon, bankruptcy attorney portland oregon

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Submitted : 2011-08-04    Word Count : 552    Times Viewed: 367