Medical Bills and Bankruptcy

Medical bills are the number one reason Americans file for bankruptcy. A recent study by Harvard University reports that health problems caused 62% of all personal bankruptcies in 2007 and that 78% of those filing had health insurance! One unexpected medical emergency can result in several large medical bills that you have no way of paying. In some cases, unpaid medical bills can add up to hundreds of thousands of dollars. Medical care expenses are soaring and one unpaid medical bill can mean collection calls, lawsuits, and even wage garnishments.

Many medical bills go unreported to the credit bureaus and they will not show up on a credit report; they have not disappeared and collection agencies will still receive them. Even if your unpaid medical bills do not enter the collections process, unpaid invoices can surface years after you have forgotten about them and creditors will demand immediate payment.

Fortunately, our Skokie bankruptcy lawyers are skilled in handling overbearing medical bill collectors and we will defend your legal rights. Call one of our Skokie bankruptcy attorneys at Schneider and Stone for a free consultation and explanation of how we can protect you with a Chapter 7, Chapter 11, or Chapter 13 bankruptcy filing.