Bankruptcy For Medical Bills And Credit Card Debt
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 and credit card 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 credit card bills and/or medical bills, Chapter 7 or Chapter 13 bankruptcy protection may be the best solution. Chattanooga credit card and 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.
Choosing Between Chapter 7 Bankruptcy And Chapter 13 Bankruptcy
With Chapter 7, you may be able to discharge or wipe away all of your unsecured debts, including credit card and medical debt. You must disclose all of your debts, however, which means you cannot discharge only credit card debt or just medical debt — you must address all debts.
With Chapter 13, you can manage your debts and often reduce them under a three- to five-year repayment plan.
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.
Call Us Today For A Free Consultation
Our legal team is available to discuss your situation at 423-933-1606 or toll-free 888-376-0282. 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.