Relief from Medical Debt ● Chicago Bankruptcy Lawyers

Because of the high cost of medical care and treatment, medical debt is the number one cause of bankruptcy in the United States. Nearly one third of all bankruptcies filed are the result of medical bills. Even people with health insurance end up saddled with debts that they cannot pay and could not possibly have avoided.

If you have enormous medical debt and have doubts about being able to pay it back, you should speak with an experienced bankruptcy lawyer to help you decide what to do next. For a free consultation with a lawyer at Ledford & Wu, call 888-542-1900 or contact us online.

At Ledford & Wu, we provide cost-effective, knowledgeable and personalized strategies for debt relief. Our lawyers focus on handling only bankruptcy claims, only in Chicago, Illinois.

Eliminating Medical Debt with Bankruptcy

Medical bills are among the easiest types of debt to have discharged through bankruptcy: Creditors cannot accuse you of fraud or of indulging in luxury goods. In addition, bankruptcy judges and trustees are much more sympathetic to medical debt.

If you file Chapter 7 bankruptcy, your debts can be discharged completely in one fell swoop.

If you are not eligible for Chapter 7, you can most likely file Chapter 13 bankruptcy. Chapter 13 allows you to make monthly payments for three to five years. At the end of that time, all of your remaining debt will be discharged. Many Chapter 13 filers end up paying only pennies on the dollar.

Avoid Common Medical Debt Myths

There is no such thing as a "medical bankruptcy." For most individuals, there is only Chapter 7 and Chapter 13. If any business calling itself a debt relief agency tries to sign you up for a "medical bankruptcy," look elsewhere for relief.

If you are considering bankruptcy as a form of debt relief from medical bills, we can help you weigh your options. Call 888-542-1900 or contact us online to schedule a free initial consultation with an experienced attorney at Ledford & Wu.