In a recent edition of Consumer Bankruptcy News, it was reported that 79 million Americans have medical debt and that 1 in 3 workers spend 10% of their income on health care.
Medical bills often create an overwhelming and stressful situation. One major medical problem can virtually wipe out a family’s financial security. In reality, medical bills are considered mere unsecured debt that can often be discharged in a straight bankruptcy or paid back for as little as $2.00 per day under a Chapter 13. Once you file for relief, all creditor interaction must stop, including the annoying phone calls, garnishments and lawsuits.
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