Many people are riddled by credit card debt. This debt can sometimes be avoided by controlling spending and only using credit cards in extreme emergencies. Medical debt on the other hand is often caused by unexpected illness or injury. These are things that people would obviously like to avoid, but they aren’t always able to.
After a visit to the emergency room, people generally have a serious of bills and statements from their health care provider and their insurance company. They might not look closely at their bill, paying unnecessary or wrongly billed amounts. Other times, insurance companies might deny them, despite having coverage. If none of these things occur, the person might be forced to pay the bill. This bill can sometimes result in people having to choose between paying to keep the lights on and paying for their medical services.
If the bill would put extreme financial strain on a person, they might be wise to speak with an experienced bankruptcy attorney. They can help the person understand their rights and whether or not bankruptcy is a good idea for them. While every person’s situation is different, bankruptcy can sometimes be a good option to help eliminate some debts and set the person up for a successful financial future.
Filing for bankruptcy isn’t something people should be ashamed of. Many times people who have medical debt are in the situation by no fault of their own. Bankruptcy attorneys understand the financially and emotionally difficult time people have when faced with extreme medical debt.
Source: US News & World Report, “5 Ways to Avoid Medical Debt,” Ben Edwards, Feb. 28, 2013