{"id":1176,"date":"2019-09-04T15:05:34","date_gmt":"2019-09-04T20:05:34","guid":{"rendered":"http:\/\/www.mankatobankruptcy.com\/blog\/?p=1176"},"modified":"2019-09-04T15:05:34","modified_gmt":"2019-09-04T20:05:34","slug":"resolving-medical-bills-with-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.mankatobankruptcy.com\/blog\/resolving-medical-bills-with-bankruptcy\/","title":{"rendered":"Resolving Medical Bills and Other Debt Relief in Mankato, MN, with Bankruptcy"},"content":{"rendered":"<p>In the United States, the cost of healthcare is high, even with medical insurance. This expense is often a cause of much hardship for those who encounter medical costs of any kind, expected or otherwise. These expenses put pressure on household finances during an already stressful and often emotional time. If you are facing unmanageable hospital bills and medical expenses on top of other common debts (e.g., credit cards, mortgages, car loans, taxes), you can find debt relief that offers long-term, effective results by filing for bankruptcy. With the help of Behm Law Group Ltd., you can file a successful case and receive debt relief in Mankato, MN, from your medical bills and other debts.<\/p>\n<p>&nbsp;<\/p>\n<p>While filing for bankruptcy may seem drastic, it is the most effective and direct way of resolving your medical expenses in addition to many other debts. Instead of working through the red tape of most hospital administrations without the assurance that your debts will be resolved at all, consider filing for bankruptcy, which kills several birds with one stone with the treatment of many debts and a guarantee that your medical bills will be completely dissolved.<\/p>\n<p>&nbsp;<\/p>\n<p>Because medical bills are considered an <a href=\"\/blog\/2017-07-26\/unsecured-debt-windom-mn\/\">unsecured debts<\/a>, they will be fully discharged in any type of bankruptcy you can file for as an individual.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Chapter 7<\/strong><\/p>\n<p>As a liquidation type of bankruptcy, <a href=\"\/bankruptcy-chapter7.php\">Chapter 7<\/a> discharges debts in exchange for the liquidation of your non-exempt assets. In most cases, the bankruptcy exemptions that are available to you are more than sufficient to protect all of your property from liquidation.\u00a0 Unsecured debts such as credit card debts, and of course, medical bills, are discharged in full. Chapter 7 is the quickest and most expeditious type of bankruptcy to treat unsecured debts because the process usually takes only three to four months to complete.\u00a0 However, you must pass the <a href=\"\/blog\/2013-09-20\/chapter-7-bankruptcy-and-the-means-test\/\">Means Test<\/a> in order to prove you qualify for chapter 7 debt relief by showing that your household income is not greater than the state median income for a household of your size.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Chapter 13<\/strong><\/p>\n<p>Chapter 13 is a debt reorganization form of bankruptcy. Also referred to as wage-earner bankruptcy, Chapter 13 is an option available to those with an incomes too high to file for Chapter 7 or for those who want to protect their non-exempt assets from possible liquidation.\u00a0 Chapter 13 reorganizes your debts into a manageable three- to five-year repayment plan. This means that you will pay your unsecured debts what you can afford to pay for a limited time with no interest, no late fees and no penalties. \u00a0At the end of your three- to five- year plan, whatever amounts of your unsecured debts that remain are discharged.<\/p>\n<p>&nbsp;<\/p>\n<p>In a nutshell, filing for bankruptcy will ensure your relief from medical bills, and in most cases, many other debts as well. To learn more about filing for bankruptcy and receiving debt relief in <a href=\"\/areas-mankato.php\">Mankato, MN<\/a>, contact Behm Law Group Ltd. at <a href=\"tel:507-387-7200\">(507) 387-7200<\/a> today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the United States, the cost of healthcare is high, even with medical insurance. This expense is often a cause of much hardship for those who encounter medical costs of any kind, expected or otherwise. These expenses put pressure on household finances during an already stressful and often emotional time. If you are facing unmanageable [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,29],"tags":[],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Resolving Medical Bills and Other Debt Relief in Mankato, MN<\/title>\n<meta name=\"description\" content=\"Learn how outstanding medical bills can lead to bankruptcy, and how to handle the debt relief that comes with it. 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