call for a consultation
call for a consultation
Medical debt is an often unexpected and additional stressor on top of the illness or injury you are recovering from. Even when you have medical insurance, a sudden emergency can still leave you with significant costs. Whether you are treated at the CHI Memorial Hospital, the Parkridge Medical Center, or the Erlanger Baroness Hospital, these issues can leave you with medical debt that you can’t pay. A Chattanooga medical debt lawyer can review your options.
Bankruptcy is one option to resolve or reduce certain debts, including medical debts. This can stop creditor harassment and begin anew financially.
Much focus has been placed lately on how filing for bankruptcy can protect homes from foreclosure. While that is true, it is important to note that Chapter 7 and Chapter 13 can help individuals reduce or eliminate their medical debts. Debt discharge can help provide relief.
At Mark T. Young & Associates, we understand that many individuals are living without proper health insurance coverage, which can contribute to overwhelming medical bills. When you factor in the need to pay for medical care using credit cards, the financial consequences can be devastating. Our legal team is dedicated to helping individuals in Tennessee get a fresh start with their finances.
If you are struggling with medical bills, Chapter 7 or Chapter 13 bankruptcy protection may be the best solution. Chattanooga medical debt attorney Mark T. Young has more than 30 years of experience handling bankruptcies. Notably, he has handled bankruptcy filings exclusively for the last 15 years.
Medical debt affects many families and individuals around the country. In the U.S., 19% of households were unable to afford medical costs upfront in 2017, creating a significant burden of medical debt.
Chattanooga and the rest of the state are no exception. In 2021, Tennessee had the 10th-highest medical debt rate in the country. In 2022, 12.6% of adults in Tennessee avoided getting medical care because of its cost, and 20.9% of adults with disabilities avoided medical care for the same reason. Medical care is exceptionally costly, with or without insurance, and any health issue can leave individuals in substantial debt that they are unable to financially repay or recover from.
Many individuals with debt are concerned about filing for bankruptcy. While it is not the right option for everyone, it can help many people with substantial medical debt prevent a serious financial and personal crisis. It can also enable you to discharge or limit all your debts so you can start fresh. This is an incredibly useful opportunity, especially when you will be unable to repay medical debts for years or decades.
There are two main bankruptcy types for individuals to discharge debt: Chapter 7 and Chapter 13 bankruptcy. These offer different methods of resolving debts. Both options prevent creditors from taking action to recover the debt, including by contacting you. When you work with an experienced medical debt attorney, they can look at the specifics of your situation and determine if bankruptcy is the right strategy for you. If it is, they can see what type will be most effective.
With Chapter 7, you may be able to discharge or wipe away all of your unsecured debts, including medical debt. You must disclose all of your debts, however, which means you cannot discharge only medical debt — you must address all debts. If you can file for a Chapter 7 bankruptcy, most individuals keep all their assets.
. An attorney can look over the benefits and drawbacks of this type of bankruptcy to determine if it can benefit you and your family.
With Chapter 13, you can manage your debts and often reduce them under a three- to five-year repayment plan. Your disposable and regular income is used to pay your debts in this repayment plan. The repayment plan either fully or partially repays the debts. In a partial repayment setup, the remaining debt is often discharged. While Chapter 13 bankruptcy protects your property, it does require you to pay some of your debt.
As a legal team dedicated to preparing and filing bankruptcy petitions, we can evaluate your situation from every angle to determine which protection is right for you.
An attorney can review the financial situation you are in and see what options you have. This includes bankruptcy, but there may be other methods, depending on your circumstances. Many individuals are unaware of the specific options available to them, while an attorney has years of experience in helping individuals manage their debts. An attorney can support you through each step and help you make informed choices about your financial future.
Our legal team is available to discuss your situation at 423-933-1606 or toll-free 423-870-5225. You may also send us an email to schedule your free consultation with a qualified lawyer. We are conveniently located and offer handicap accessibility, as well as free parking.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
At Mark T. Young & Associates, We Get You The Help You Need.
Fields marked with an * are required
"(Required)" indicates required fields
© 2025 Mark T. Young & Associates. All Rights Reserved.
Digital Marketing By:
