Lynch & Belch, P.C.

How Bankruptcy helps you Pay Medical Bills

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If you've had a large medical procedure done or a series of procedures over time, it is easy to become overwhelmed with bills. However, filing for bankruptcy can help you with your medical debt. Although some people may not want to file for bankruptcy, it can greatly help you get out of debt and de-stress.

Chapter 7

Chapter 7 bankruptcy is the most common and easiest to file for. This kind will wipe out all of your medical bills along with other general unsecured debts. There is no limit for how much debt you can discharge, however, to qualify your disposable income must be low enough to pass a means test.

Chapter 13

There is also Chapter 13 bankruptcy, however, this one is the most complicated. Medical bills are put together with other debts in your repayment plan, and the amount you have to pay depends on your income, expenses and nonexempt assets. Each creditor then receives a portion of the amount going toward the debts in your plan. For this kind of bankruptcy, there are debt limits. Medical debt is the most common reason people declare bankruptcy. If you are in over your head in debt with no means to pay it all off, have an attorney help you look into filing for bankruptcy to help you today. Call Lynch & Belch, P.C. in Indianapolis at 317-888-0006. 

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Lynch & Belch, P.C.
7210 Madison Ave.
Suite B
Indianapolis, IN 46227

Phone: 317-528-9549
Phone: 317-528-9549
Fax: 317-888-8282
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