Medical Debt Attorney in Portland

Medical debt is increasingly becoming a significant problem in America as more and more people are needing healthcare. More than half of all bankruptcies in the U.S. are caused by medical bills. If you are considering bankruptcy to help you with your overwhelming medical expenses, consider getting legal advice from an experienced medical debt bankruptcy attorney at a Portland bankruptcy law office first. 

Unpaid medical debt is more common than you think.

Some people in the United States are refusing to pay their medical bills to debt collectors because they simply cannot afford to do so. According to Debt.com, a consumer financial education company, 50% of Americans now carry medical debt, up from 46% in 2020. Of these Americans, more than half (about 57%) owe at least $1,000 due to  diagnostic tests, hospitalizations, and emergency room visits, the survey showed.

And the problem is not limited to low-income households or uninsured consumers; those with stable salaries and health insurance can also be affected by this.

Get medical bill relief

medical debt attorney

Millions of Americans, including those who have health insurance, are unable to pay for a medical emergency regardless of their financial situation. Every year, medical bills that are unanticipated or uninsured push many families into financial ruin.

Your creditors may be chasing you aggressively for payment if you are in debt as a result of medical expenditures you have incurred. It is possible that you are receiving a lot of phone calls and letters that can be stressful for you and your family. 

You may be thinking if declaring bankruptcy is the best course of action in your situation.From a debt relief perspective, the best thing about medical expenses is that they, like credit card debt, are unsecured debt. 

Declaring bankruptcy provides that if you are unable to pay your medical bills, hospitals and other medical creditors cannot seize your property. In truth, if you qualify, you can quickly discharge your medical debt through bankruptcy.

At Northwest Debt Relief Law Firm we can assess your financial situation and determine whether bankruptcy is the right course of action for you. If that is the case, we can help you:

  • Protect yourself from collection calls, mailings, and lawsuits with an automatic stay, a court order instructing creditors to cease all collection efforts.
  • Get rid of your medical debt by filing for Chapter 7 bankruptcy,
  • By filing for Chapter 13 bankruptcy if you need to keep your home, automobile, or other asset, 
  • Address any other bills that are causing your worries.
  • Create a new beginning.

Bankruptcy is not the best option for every person. You may be able to find other debt relief choices that are more suitable for you.

With the assistance of an attorney, you can weigh your debt relief options.

It is crucial to be aware of the risks associated with having medical debts discharged in order to avoid them in the future. Occasionally, doctors will refuse to provide services in the future if their previous debts have been discharged. 

Additionally, your credit rating will be affected. There are steps you can take to alleviate this fear, including developing a communication plan with your healthcare provider.

Schedule a free and confidential consultation with a lawyer at Northwest Debt Relief Law Firm before you make an important decision. We will discuss your options with you, weighing the benefits and drawbacks of filing for bankruptcy as well as developing a debt relief strategy that is tailored to your specific needs and circumstances. 

Settlement of Medical Debt

If your debt is older and you earn a reasonable income, you may wish to consider debt settlement. Once the debt becomes delinquent, the hospital or physician to whom you owe it might send it to collection. They will either transfer the debt to a collections firm or a debt collection attorney, who will then file a lawsuit against you and seek a judgment. 

They can then proceed to seize your bank account, garnish your earnings, or place a lien on your real estate if they are successful. None of these are beneficial and will simply exacerbate your financial difficulties. Also, debt settlement may obligate you to make a single lump-sum payment. 

Rather than waiting for that to occur, you can speak with a Portland medical debt relief attorney about your choices. Oftentimes, the mere threat of bankruptcy might coerce the creditor into agreeing to settle the debt for a fraction of what you owe since filing for bankruptcy will almost certainly result in the discharge of all unpaid debt. 

Chapter 7 and Medical Debt

Once you declare for bankruptcy, all creditor activities against you must cease immediately. If you have been sued by a creditor, the lawsuit will be dismissed. If your creditor has garnished your income or charged your bank account, you may be able to recover the funds. The sooner you act, the better.

If you are qualified to file for bankruptcy under Chapter 7, you will include medical debt in your bankruptcy. After your bankruptcy case is concluded, you will no longer owe the money.

Chapter 13 and Medical Debt 

If you incur medical debt and are behind on your car or mortgage payments, filing for Chapter 13 bankruptcy may be favorable. You can discharge medical debt in Chapter 7 in order to free up funds to pay for your car and mortgage, but you must reaffirm the debt. 

Chapter 13 bankruptcy enables you to consolidate all of your debts into a single monthly payment over the course of three or five years. While you will almost certainly be required to repay some of your medical debt, you may not be required to repay the entire amount.

Debt Collection Lawsuits in Oregon

Are you facing debt? Have you been sued over a credit card debt, personal loan, medical debt, or business loan? Did you just receive a letter in your mail stating that you are being sued on your debt in Portland, Oregon? You’re not alone! 8 out of 10 Americans are facing debt issues. 

Debt collection agencies and creditors may get impatient and will often file a lawsuit against these types of debts, believing you won’t take any action. Such could lead to a default judgment that will ultimately end with them garnishing your wages and zeroing your bank accounts.

At Northwest Debt Relief Law Firm, our medical debt bankruptcy attorney from Portland law office helps clients threatened with a debt lawsuit to realize that they can take the upper hand.. Our professional Portland bankruptcy attorneys will defend your rights as a debtor, both in and out of court. Call us now for a free consultation.

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(503) 487-8973

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