According to a recent study published by The American Journal of Medicine medical bills at the core of 50 percent of bankruptcy filings. Even more alarming is that 68 percent of consumers who filed bankruptcy had health insurance. This is because even a short stay in the hospital can generate bills in excess of $10,000 or even $100,000. With or without insurance a person is usually stuck with a large bill. Even if you don’t have much in the way of unreimbursed medical expenses, if there is a loss of time from work, the family budget is destroyed with the loss of income.
Every so oftern I get a client asking to file a “medical” bankruptcy and keep the rest of their debts. However, there is no such thing because the United States Bankruptcy Code requires that all debts be listed. Nonethless, medical bills are still subject to a debt discharge or debt restructuring under both Chapter 7 and Chapter 13 bankruptcy laws, and thus, you can once and for all eliminate medical debts in bankruptcy.
You should talk to your attorney about what kinds of bills you have, list all your bills on the paperwork that will be provided to the bankruptcy court, and discuss the options that you may have with the attorney.
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