Bankruptcy and Medical Bills

A major culprit contributing to many Ohio and Kentucky individuals’ and families’ financial problems are payments owed to health care providers. Bills from hospitals, clinics, specialists, emergency rooms and dental offices can add up quickly, overwhelming incomes. Unpaid medical bills may be severely hampering your ability to pay for your car or home, or to build a credit rating or debt-to-income ratio that will allow you to qualify for a home mortgage.

Additionally, many people are facing new health care costs because the Affordable Care Act (or “Obamacare”) is requiring new or more expensive insurance premiums or deductibles. Although the Affordable Care Act will protect people who experience catastrophic medical events from driving them into bankruptcy, premiums and day-to-day medical events can create a great financial burden. We can help you understand how Obamacare may impact your financial situation and whether bankruptcy or other debt relief solutions may help you deal with these legislative changes.

Don’t struggle hopelessly to repay crushing debt loads. Instead, contact our proactive bankruptcy attorneys today to learn how you can get a fresh start financially.

Medical Debt Relief Attorneys Serving the Greater Cincinnati Area

Fortunately, there is a fast and effective legal tool that may be available to eliminate or sharply reduce your medical expenses — Chapter 7 and Chapter 13 bankruptcy protection. How? Both bankruptcy types offer processes designed to reduce non-secured debt like medical bill debt:

  • Chapter 7 bankruptcy allows for the sale of non-exempt property to pay down debt. Properties like a home, vehicle and household goods are often exempt from sale.
  • Chapter 13 bankruptcy allows for a repayment plan based on your debt and on your income. Once the repayment process is complete, the debt addressed in the plan is considered paid.

Both plans often allow for a very low repayment level. Chapter 13 may allow your unpaid medical bills to be considered paid after you’ve paid back just a relatively small percentage.

Contact Our Cincinnati Medical Debt Relief Lawyers

For experienced legal help in reducing or eliminating medical expense debt through bankruptcy, contact our Cincinnati bankruptcy law firm. We offer a no-obligation initial consultation to discuss your situation and provide clear advice. We are available for weekday appointments, and have an office conveniently located in downtown Cincinnati, Ohio.