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Medical Debt Attorney in Springfield

For many of us, unexpected expenses can be the beginning of a financial downfall. Even the most planned out budget can be shattered by a major unexpected medical expense. Medical bankruptcy is a term often used when this unexpected expense arises and creates a domino effect in one’s finances. A Chapter 7 bankruptcy or a Chapter 13 bankruptcy can be filed to lessen the financial burden caused by medical debt.

Medical bills from:

  • Hospitals
  • Physicians
  • Ambulance rides
  • Rehabilitation programs
  • Any other source of medical treatment are debts that are dischargeable in bankruptcy

Consulting with a medical debt bankruptcy attorney in Springfield is an important step in understanding how debt can be resolved and ensure the proper timing of a bankruptcy filing.

Schedule your consultation by filling out our online form or calling us directly at (417) 213-5006 today.

How Medical Debt Accumulates

Although many people have medical insurance to offset the cost of medical bills, the cost of medical treatment can still be unmanageable. High deductibles, difficulties in dealing with insurance companies, and charges for out of network treatment can make medical debt overwhelming.

One medical event that lands you in the hospital for a few days can lead to over a $50,000 bill. Even with insurance, you may still owe a significant amount out of pocket. Without insurance, you may end up with a bill that will be impossible to pay.

Healthcare costs are rising in the United States and are often one of the biggest expenses Americans must pay. If you are swimming in unpaid medical debt and feeling like you’ll never be able to pay them off, you’re not alone.

Outstanding medical costs are a huge factor in many personal bankruptcies. Although it is difficult to determine just how many bankruptcies are triggered by medical debt, we would estimate it is a factor in nearly 50% of the cases that we file.

Can Medical Debt Affect My Credit Score?

Medical debt can affect your credit score if it goes unpaid. Medical bills that are not paid in a timely manner can typically be sent to collections, which will negatively impact your credit score. However, some credit scoring models treat medical debt differently than other types of debt, and recent credit reporting changes in regulations have made it less likely for medical debt to have a long-term negative impact on credit scores. Medical debt can say on your credit report for 7 years

If the debt goes unpaid, medical providers or collection agencies can file a lawsuit against an individual for unpaid medical debt.

Here to Help Clients Fight Medical Debt

Frequently, clients ask us if they can file a medical bankruptcy in Springfield. Although, many bankruptcies are a result of medical debt, there is not a chapter of bankruptcy just for medical debt. However, medical debts are considered unsecured debt that can be eliminated in Chapter 7 and Chapter 13 bankruptcy.

If you’re thinking about filing a bankruptcy case to get a handle on your medical debt, schedule a free consultation. We will review your information for eliminating your medical debt. Sadly, one’s finances often take the priority over one’s health. Filing a bankruptcy may be the solution you need.

Real Clients. Real Reviews.

Read What Real People Have to Say
    Mr. Licata was very understanding and went through our information very thoroughly.

    “After reviewing, Mr. Licata determined it would be in our best interest to wait six months to file to save us an additional $6,000 -$8,000 in the long run.”

    - Josh B.
    The staff was incredibly helpful from beginning to end

    “The staff was incredibly helpful from beginning to end. They answered all my questions and pointed me in the right direction. This made the entire process easy and quick. I would recommend this place a thousand times over. Just absolutely phenomenal client”

    - Ashley J.
    It was the first time I had felt comfortable in the office of a bankruptcy law firm

    “It was the first time I had felt comfortable in the office of a bankruptcy law firm. I had the misfortune of visiting a different bankruptcy firm first and soon as I walked through the door I felt like I was being judged. I did not plan on having health pr”

    - Tabby K.
    Not only was this firm helpful and affordable, but Marc Licata was kind and understanding.

    “He helped me to understand that sometimes debt consolidation in Springfield Missouri the only option, and that I had exhausted all other means of taking care of my family. I have recommended this firm to others and would do so, over and over again!”

    - Jennifer C.
    We were very impressed with this firm

    “He could have recommended that we file right away, but he was honest with us and told us it wasn't necessary to do so just yet.”

    - Kurt F.
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