Medical Bills

The Heavy Weight of Medical Debt

One of the top reasons that people in Kentucky need to file for bankruptcy is due to an overwhelming amount of medical debt. If you’re in this situation, it not only affects you financially, but emotionally and physically too. Here’s how we can help.

Needing medical services is stressful enough as it is, but being sent to a collections agency for being unable to pay for those services is nerve-wracking. Not only does it cause financial distress, but it causes emotional and physical distress too.

If this describes your situation, you’re probably losing sleep at night. This is why you need a medical debt attorney in Louisville who has the experience to protect you.

Unfortunately, accumulating medical bills is one of the top reasons that people end up in debt. If you have medical bills from a Kentucky hospital stay, a surgery, and/or imaging service, those can add up to several thousands of dollars — and that’s with health insurance. 

If you don’t have health insurance, those medical needs can end up costing tens (or even hundreds) of thousands of dollars. As long as the amount is manageable enough and you’re able to make monthly payments, it’s worthwhile to set up a payment plan with the medical facility to avoid being sent to collections.

If you don’t set up a payment plan with their billing department, they’ll turn you over to a Kentucky-based collections agency, and you’ll have collectors calling you every day.

If medical debt is causing an excessive amount of stress, filing for bankruptcy can give you the relief that you desperately need.

Once you’re in a situation where you don’t have the money to give to the collections agency, the medical facility can sue you and obtain a judgment against you. Once this happens, it’s important to immediately find a collections attorney in Louisville, KY who specializes in bankruptcy for individual debtors.

Why is it important? If your creditor (the medical facility that you owe) obtains a judgment against you, you’re at risk for having your wages garnished. This means that the hospital or doctor’s office that you owe will obtain permission from the Court to take 25% of every single paycheck that you earn. This can have devastating consequences for you and your family, as your take-home pay will be drastically reduced.

If you’ve been sent to a collections agency by a Louisville doctor’s office or hospital, filing for bankruptcy can protect you. Depending on your income and other living expenses, you can either wipe out your debts completely, or reorganize your debts into manageable monthly payments.

Contact our experienced bankruptcy attorney, Tracy Hirsch, at (502) 435-2593 for a free consultation today.

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