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Can My Medical Bills Be Dropped if I File Bankruptcy?

medical bills past due

Bankruptcy is a legal process by which an individual or organization may receive a court order absolving their legal obligation to repay certain debts. Generally when an organization declares bankruptcy they must go through a process by which their debts and assets are compared, and certain debts may be exempted from forgiveness and then prioritized for repayment as part of the bankruptcy settlement.

Certain obligations, like payments associated with a child support order, cannot be wiped away via bankruptcy. Other obligations, like those associated with consumer debt or credit card debt, are often designated as “unsecured” debt and are therefore subject to discharge.

There are different kinds of bankruptcy, all created by the U.S. bankruptcy code. The most common forms of bankruptcy encountered at large are the Chapter 7, 11, and 13 forms of this legal instrument. A Chapter 7 bankruptcy is what is most often used to discharge consumer debt, while chapters 11 and 13 bankruptcies may be used to discharge unsecured debt but these are most often used when attempt to discharge the debts of a large organization or more complex structure.

If you’re searching for a bankruptcy law firm in Henrico, consider reaching out to the bankruptcy experts at Canfield Wells LLP.

Can My Medical Bills Be Dropped if I File Bankruptcy?

Fortunately, pursuant to the statutes outlined above, most medical debts are subject to discharge as unsecured loans under a Chapter 7 bankruptcy. This however belies the complexity of most bankruptcy actions. In short, if you’re suffering under exorbitant medical bills, the Henrico VA bankruptcy lawyers at Canfield Wells LLP are consistently rated among the very best in Virginia.

If you need a bankruptcy law firm, or you’re searching for Henrico VA bankruptcy lawyers, consider calling the legal experts at Canfield Wells LLP today!

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