Is it possible to file bankruptcy to get rid of medical debt?
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Is it possible to file bankruptcy to get rid of medical debt?
My son is unemployed and on disability for a back problem and after multiple back surgeries he has acquired thousands of dollars in medical debt. He does not own a car or a house.
Asked on July 14, 2012 under Bankruptcy Law, Michigan
Answers:
Terence Fenelon / Law Offices of Terence Fenelon
Answered 12 years ago | Contributor
Unisured medical debts are one of the largest causes of bankruptcy. In short, the answer to your question is yes. There are several considerations to keep in mind. Is it likely that additional debt may be incurred in the near future? If so, the new deby would not be discharged in a bankruptcy and your son might wind up in the smae financial situation. You can only file for relief every eight years
Terence Fenelon / Law Offices of Terence Fenelon
Answered 12 years ago | Contributor
Unisured medical debts are one of the largest causes of bankruptcy. In short, the answer to your question is yes. There are several considerations to keep in mind. Is it likely that additional debt may be incurred in the near future? If so, the new deby would not be discharged in a bankruptcy and your son might wind up in the smae financial situation. You can only file for relief every eight years
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