How To Get Rid Of Credit Card And Medical Debts
Studies show that medical expenses are one of the primary reasons that people file bankruptcy nationwide. Health care costs can be exorbitant, even with adequate health insurance. An unexpected trip to the hospital can quickly drain your bank accounts and put you behind on all your other bills.
Likewise, credit card companies go to great lengths to encourage cardholders to spend the maximum amount possible. Before you know it, interest and fees have escalated to unmanageable proportions.
Here’s the good news: It is possible to eliminate these medical and credit card debts. At Kennel Zeigler LLC, our attorneys have helped many people like you in Dayton and throughout Ohio to regain their financial freedom. Let us make a difference for you, too.
What Debt Relief Options Are Available?
If you are eligible for Chapter 7 bankruptcy, you can completely eliminate your credit card and medical bills. You will no longer be obligated to pay them at all. If you file Chapter 13 bankruptcy, you may have to repay your creditors a fraction of the total, but it will still be significantly less than the original amount you owed.
While debt settlements might be an option, bankruptcy is almost always better for your financial situation. Visit our offices today to walk through your options personally with an experienced bankruptcy attorney.
Are There Any Situations In Which These Debts Can’t Be Discharged?
If you intentionally make large purchases with your credit card immediately before filing bankruptcy, it may look like fraud, and this debt may not be dischargeable. Also, if you intentionally lied on your credit card application in order to gain credit, you may not be able to discharge the debts.
These situations, however, are quite rare. We always dedicate the time and attention necessary to understanding your case and offering the guidance you need to find relief.
*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.