A Health Crisis Can Put Your Finances at Risk

In the U.S., more than 60 percent of personal bankruptcies are filed because of unmanageable medical bill debt. If medical expenses have made it impossible to pay your other bills, you are not alone. The good news is that you can get help.

Individuals with medical bill debt are often able to find relief through bankruptcy. Faletti Law Office, P.C. provides bankruptcy representation to people in Colorado. Whether you are struggling with medical bills or another type of debt, our lawyer has the experience to help you find a solution. For a free consultation with a Denver medical bills bankruptcy attorney, please call 303-438-8477 or contact us online.

Medical Debt Is Often Dischargeable

Medical bills are considered unsecured debt because no tangible collateral secures the amount you owe. Your creditors cannot repossess medical services that you have received. Unsecured debt is typically eliminated or discharged under Chapter 7 bankruptcy. In some cases, it may be discharged under Chapter 13 bankruptcy. You may or may not make payments on your medical debt for three to five years as part of the Chapter 13 repayment plan. We will review your individual finances and discuss which chapter of bankruptcy is best for you.

Lack of health insurance is one reason that medical bills overwhelm people. However, most people who file for bankruptcy because of medical bill debt are insured. Unfortunately, it only takes one serious accident or illness for the medical expenses to get out of control. Additionally, injured and ill people can be unable to return to work, and may lose their job and insurance.

In other cases, medical debt accumulates because of expensive copays, deductibles or guaranteed bills for spouse or child. An insurance claim denial for a major medical expense can also cause significant financial trouble.

Arvada Reduce Medical Bills Attorney

To schedule a free consultation, please call 303-438-8477.

How Can We Help?

We encourage you to contact us if you have questions concerning bankruptcy, family law, probate or tax law. Attorney Harold Faletti is available to provide personalized attention and address your concerns.