Medical Bills and Bankruptcy

In the past century medicine has reached a point where treatments exist for a wider range of conditions than ever before, making a healthier, happier life a possibility for anyone with access to modern hospitals. This technology comes with a price tag, however: two-thirds of bankruptcies in America are the result of medical bills.

Filing for bankruptcy is not a sign of personal failure; instead, it’s an opportunity to build your finances back on a more stable foundation. We do not have control over every aspect of our lives: injuries and heart disease (for example) can strike anyone, no matter how cautious or healthy.

How Much Debt Can Medical Bills Cause?

A recent study in the American Journal of Medicine tracked the cost of medical bills for both insured and uninsured patients who filed for bankruptcy as a result of these expenses. On average, people without insurance had a total of $26,971 in bills; those with insurance still had an average of $17,749. Some illnesses, such as neurological ones, can even average $34,167.

Remember also that medical bills that are steep are often the result of injuries or illnesses that can prevent patients from working as well, making existing debt even worse. In times like these, working with the skilled Boca Raton bankruptcy lawyers of Eric N. Klein & Associates, P.A. can be the lifeline you need to alleviate the burdens of debt and start over again.

Contact Us

If you are struggling with medical bills, you deserve the help of a talented lawyer. To discuss your case with one of our experienced Boca Raton bankruptcy lawyers, contact Eric N. Klein & Associates, P.A. at 561-353-2800 today.