It’s hard to consider the possibility of a serious illness or the struggle of recovering from an injury, let alone contemplate the financial responsibility that comes with such issues. Its bad enough being hurt or in pain, but to top it off with a huge medical bill or a zeroed bank account from missed work and now we have a whole other story.
It is disheartening to see one terrible tragedy turn in to any even larger one after the effects of the first are felt. Medical bills can be astronomical, especially with new health insurance coverages that require high premiums without much coverage in return. Sometimes, insurance companies won’t even cover your large medical expenses when it comes to certain tests or procedures, leaving you to foot the bill. Only a handful of visits to a medical center and you may be facing hundreds of thousands of dollars.
When it comes time to make the decision between making a medical bill payment and providing groceries for your family, many are likely choose the groceries. Those consequences can be unfortunate. Many medical providers are quick to send your unpaid bill over to a collections agency with as little as two missed payments. Once it goes into collections, you may be subject to daily phone calls attempting to collect the money owed.
Declaring medical bankruptcy has similar affects on your credit as a regular bankruptcy, and can impact your financial situation for some time after. You may think it is your only option, but that might not be the case. In many situations involving medical bills, there are a few different remedies available that can be explored before you resort to declaring bankruptcy. These options are not always known to everyone, but an experienced attorney specializing in bankruptcy will be able to recommend alternate courses of action that you may not have thought of before.
This can be a very stressful situation, especially as you are recuperating from a serious injury or illness. Having to deal with the constant harassment from a collection agency should not be something you need to worry about while you are recovering. An experienced attorney can provide you with the assistance you deserve. Between assessing your situation and providing potential alternatives, an experienced legal professional may be able to help you avoid declaring medical bankruptcy. If you are dealing with a serious injury or illness and are behind on paying your medical bills, call Michael A. Siddons today. Specializing in bankruptcy cases, Mr. Siddons knows how to address your situation to find the best possible solution for your situation. Rest assured that your case would be handled professionally and efficiently. You have enough to worry about already, let his years of experience work for you. Call today at (610) 255-7500.