October 21

Medical bills and bankruptcy

The high cost of medical care is definitely taking its toll on Americans.  Research shows that as many as one in five Americans is part of a family facing unpaid medical bills. It should be no surprise that Research has also established that medical bills are the single largest cause of consumer bankruptcy, and are the main factor in 18 percent of all consumer bankruptcies.

What is a medical bankruptcy?

Bankruptcies that are caused by medical bills are often referred to as “medical bankruptcies.”  When it comes to actually filing a bankruptcy with the Court, however, there is no such thing as a medical bankruptcy.  The use of the term “medical bankruptcy” can leave the impression that you can file a bankruptcy that only deals with medical bills.  

Can you file bankruptcy only on medical bills?

No.  Bankruptcy laws prohibit individuals from including or excluding a particular creditor or type of creditor in a bankruptcy proceeding.  Although you do have some say in the way certain debts are handled, you are required to report all debts you owe.  This gives all of your creditors fair notice so that they can sort out their claims through the Court in an orderly fashion. 

What should you do if you are facing unmanageable medical bills?

If you are facing unmanageable medical debt or medical bill collections it is important to contact an attorney to find out how Mississippi law applies to the specific facts of your situation.  To schedule an initial free and confidential consultation to discuss your particular situation call 601-853-9966.


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