Phone Call Us 414-326-9231
Toll Free 866-678-9352
Text Us 414-277-7742

Medical debt often leads to bankruptcy

When you are healthy, you have two significant advantages over those who are not; you are able to work and earn a living and you have little or no medical expenses. But when you are injured in an accident at work, in a car accident or even a recreational accident, like falling while water skiing or hiking, that all changes.

Suddenly, your injuries may require time to heal or additional surgeries, treatment or therapy. You stop going to work and your paychecks stops. Your employer may not have offered much healthcare insurance or any short-term or long-term disability insurance. 

Even if you have insurance here in Wisconsin, the combination of no income and all of the non-covered co-pays and additional costs that can result from extended medical treatment can lead to a financial meltdown.

In addition, your other bills, your mortgage, car loans and credit cards, all still need to be paid. You may be able to shift priorities for a few months, but eventually you may run out of options.

This is when you may need to speak with a bankruptcy attorney and determine which chapter of the Bankruptcy Code can best help you get out from under the overwhelming debt you now face. And you are not alone, as medical debts have become one of the leading causes of bankruptcies in recent years.

When deciding which type of bankruptcy to file, one consideration is whether you have other assets like a home that you want to keep and should file a Chapter 13, or if you have few assets and simply need to move through the process as quickly as possible.

You also should discuss whether your bills are still accumulating or are all from prior medical treatment, as a bankruptcy only can discharge debts that accrued before the filing date.  

No Comments

Leave a comment
Comment Information

Contact Our Milwaukee Law Firm

Reach Miller & Miller Law, LLC, online or call us at 414-326-9231 to schedule a free initial consultation. Our law office also provides Spanish language services. Se habla español.

To schedule an initial consultation, call 414-326-9231 or contact Miller & Miller today.

Free Case Evaluation

* indicates required field

Milwaukee Office
633 W Wisconsin Ave, Suite 500
Milwaukee, WI 53203

Phone: 414-312-6581
Fax: 414-277-1303
Milwaukee Law Office Map

Kenosha Office
6123 Green Bay Road
Suite 210
Kenosha, WI 53142

Phone: 262-326-1669
Kenosha Law Office Map

Brookfield Office
200 S. Executive Drive
Suite 101
Brookfield, WI 53005

Phone: 262-261-0665
Brookfield Law Office Map

Madison Office
2810 Crossroads Drive
Suite 4001
Madison, WI 53718

Phone: 608-260-7133
Madison Law Office Map

Glendale Office
6001 N. Green Bay Avenue
Glendale, WI 53209

Phone: 414-973-8662
Glendale Law Office Map