Medical Debt Is The Most Common Reason For Bankruptcy
No one expects to become seriously injured or ill. When unforeseen medical bills begin piling up, the debt can quickly escalate out of control. Plus, medical emergencies usually mean time off work. Without a steady income, paying off medical debt can be truly impossible.
If this describes your situation, you are not alone. North & Sedgwick Law understands that medical bills are the most common cause of bankruptcy in the U.S. Medical bill debt relief lawyer Paul Camarena is here to explain your legal options for freeing yourself from your financial burdens. In addition to being a respected attorney with 10 years of experience in federal court, he is a certified public accountant (CPA).
Erasing Hospital Bills, Physical Therapy Bills And Much More
When hospital creditors begin to call and the mailbox begins to fill up with payment demands, bankruptcy can turn the situation around.
Those who are eligible to file for Chapter 7 bankruptcy can have their medical bills discharged altogether. Those who file for Chapter 13 bankruptcy will be required to pay only as much as they are reasonably able to, through the use of a structured payment plan lasting three to five years. After that time, the remainder of the debt will be canceled.
Mr. Camarena can sit down with you and discuss the pros and cons of filing bankruptcy, learn about your particular situation and advise you about how best to proceed.
Talk To An Illinois Bankruptcy And Debt Relief Lawyer In DuPage County
To arrange a meeting with a bankruptcy attorney serving Chicago and the surrounding areas, please call North & Sedgwick Law at 312-878-8429. You can also contact the firm by email.
El abogado habla español.
†The firm is a debt relief agency and helps people file for bankruptcy relief under the Bankruptcy Code.