A serious illness can quickly bankrupt a person and leave them with way more debt than they can handle. When medical bills are mounting, seeking help from a bankruptcy attorney is the first step in getting relief. Those who are dealing with major medical bill debt need to learn about their options so they can discover which bankruptcy is the best choice to meet their financial needs. To get Medical Bankruptcy Help, a consultation appointment needs to be scheduled.
How to Get Help
Many bankruptcy attorneys offer consultation appointments that allow individuals to discuss their financial records and gain valuable legal advice. It is important individuals bring in information on all of the debts they owe, their assets, income, and tax records. The more financial information the individual can provide the attorney, the better the attorney can help.
Chapter 7 is one of the best forms of bankruptcy for unsecured debts like medical bills. With this type of bankruptcy, a third-party trustee is placed over the process. This individual is responsible for accounting for all of the non-essential assets owned by the individual.
Non-exempt assets must be liquidated to pay off the medical bill debts that are owed by the individual. The person is allowed to keep their residential home, car, and furniture and clothing. Assets are liquidated as quickly as possible and the trustee uses that money to pay off as many debts as possible. Some types of debts may be absolved, depending on the circumstances.
Bankruptcy Offers Peace of Mind
While choosing bankruptcy is a serious decision, it is often one of the best for those who are drowning in debt. When the bill collectors are constantly calling and stress is rising, getting legal help can be just the answer that brings relief.
With help from a bankruptcy attorney, debts can be legally taken care of in a timely manner. The collection calls will stop and individuals can have greater peace of mind as they start on their new financial future.
If you would like to schedule a consultation appointment, call the office right away. They will be happy to answer your questions.