Contact our Medical Debt Relief Lawyer

Because of how high medical costs can be, a medical emergency can quickly result in a serious financial situation. Doctor visits, surgeries, prescriptions, and other medical treatment are expensive, and your insurance may not cover enough of your costs. You may also have to take time away from work. If you can’t afford your medical bills, you will be left with medical debt.

You could be financially devastated by an unexpected illness or injury. Bankruptcy laws in Nevada provide protection to people in these circumstances, as well as several other debt situations. A Chapter 7 or Chapter 13 bankruptcy could erase your medical debt, as well as many other debts you may have.

Filing bankruptcy to eliminate medical debt isn’t a decision that should be taken lightly. However, medical emergencies are rarely a choice, and your debts could be incurred involuntarily. The number one cause of Reno is medical bankruptcy. Whether you seek to file Chapter 7 or Chapter 13, bankruptcy could be an effective solution to your medical debt problem.

Circumstances outside your control can create financial hardship. Dealing with a medical emergency, as well as the debt it creates, can quickly become overwhelming. The costs of medical treatments and prescriptions only continues to rise, and insurance co-pays may only partially cover your costs. Depending on the type of medical condition, you may owe significant amounts to more than one medical provider.
A medical situation can create debt, whether the affected individual has health insurance coverage. The fortunate part is that these debts are typically considered “unsecured.” This makes them totally dischargeable in both Chapter 7 and Chapter 13 bankruptcy.

What is a Medical Bankruptcy?

Medical bankruptcy is the term that describes a bankruptcy that is filed primarily due to unmanageable medical debts. There are no special additional requirements for your bankruptcy to be a “medical bankruptcy.” However, a medical bankruptcy doesn’t just discharge debts from hospital and doctor bills. Consult with a Reno bankruptcy attorney to learn about all the types that can be discharged in the chapter of bankruptcy you file.

Overwhelming medical debt can eventually lead to a wage garnishment in several cases. When a wage garnishment is in place, a standard portion of your wages will be taken out of each paycheck and sent to your creditor. Filing bankruptcy in Reno, NV will immediately stop a wage garnishment stemming from medical debts, as well as most other debts. Additionally, declaring bankruptcy will reduce your stress, and provide a better financial footing for yourself and your family. It can also help your professional life to no longer have the burden of a wage garnishment looming over you at work.

Our Reno Zero Down Bankruptcy lawyers will help you address your medical bills before or after they result in a wage garnishment. Call our office to schedule your free debt evaluation. Our experienced Reno bankruptcy lawyers will determine your debt relief options, and provide you with bankruptcy qualification information and an affordable quote for legal representation.

Chapter 7 bankruptcy could be the best option for you to eliminate your medical debt. If you meet all the Chapter 7 filing requirements, your petition could discharge, or clear away, all of your unsecured debts. Medical debts, like credit cards and personal loans, count as unsecured debts. After recovering from a medical emergency, Chapter 7 bankruptcy could help you recover from a financial perspective.

Medical Bills in a Reno Chapter 13 Bankruptcy

In Chapter 13 bankruptcy, medical bills are categorized with other unsecured non-priority debts, such as credit cards. This is the lowest category of debts paid in Chapter 13. This means that they will only be paid if your disposable monthly income allows for it in your payment plan. Thus, your payment plan will last 3-5 years, and all your other higher priority debts must be paid first. Also, your Chapter 13 case may not last long enough to pay off unsecured debts in full, but it can still be discharged. Contact our law office to schedule your free debt evaluation to determine whether Chapter 13 is the best solution to your medical debt situation.