For those that, for whatever reason, are not well suited for Chapter 7, Chapter 13 bankruptcy can also significantly help with medical debt. Although most debts in Chapter 13 are repaid over a three to five-year period under the payment plan, the majority of unsecured debts, such as medical bills, are not. As a result, medical debts, credit card bills and other unsecured debt are eliminated at the end of Chapter 13 after only a fraction (if even that) has been paid towards them.
If you are struggling with medical debts, bankruptcy may or may not be the best next step for you. The experienced attorneys at Minnillo Law Group Co., LPA can review your current financial situation and recommend the best way to get you back on track financially.