Rancho Cucamonga Medical Debt Lawyer
Millions of Americans are carrying medical debt. A surprise illness or accident can leave someone in the hospital for weeks, where it’s easy to rack up six-figure medical bills. Even those with insurance often find themselves burdened by gigantic debts, with no way of paying them off. At Wadhwani & Shanfeld, our medical debt relief attorneys are committed to helping patients and their families get on top of their debt pile. You have many options, but you should discuss them with one of our Rancho Cucamonga medical debt lawyers to find the debt solution aligned with your goals. Call us for a free consultation.
Strategies for Dealing with Medical Debt
Consumers call us every week asking for advice about how to deal with crushing medical debt. There are various options:
- Payment plans. A hospital or other provider should offer a payment plan, which can stretch out the debt. A payment plan should make monthly payments affordable. However, it could take years to pay it all off, and you can be sued if you stop making payment. You might also be charged interest, which can increase the amount you ultimately pay back.
- You might negotiate to decrease the amount you owe. It’s sometimes possible to pay off a fraction of the debt with a lump sum and have the rest forgiven.
- Appealing an insurance denial. Your high medical debt might be the result of an insurer denying your claim. You could file an appeal and convince them to change their mind.
- Chapter 7 bankruptcy. This is a consumer bankruptcy which usually takes no longer than 6 months. You can wipe out certain unsecured debts, with medical debt typically qualifying. At the end of the process, your debt should be eliminated, but the bankruptcy stays on your credit report for 10 years. You might also lose non-exempt property, like your home or car. Review all your debts with one of our lawyers, because you can usually get rid of personal loans and credit card balances at the same time.
- Chapter 13 bankruptcy. This is a wage earner’s bankruptcy. You set up a payment plan for 3-5 years, depending on your income, and make monthly payments to creditors. At the end, remaining medical debt should be eliminated. It is a good option for someone with high income and/or large assets.
Our medical debt relief attorneys can review these and other options. The worst thing is to delay taking any action. Medical debt won’t disappear on its own, and the stress from being indebted can make physical recovery impossible. You need an experienced advocate to help you find the best option and then tackle getting on top of this debt.
Our Consultations Are Confidential & Convenient!
Medical debt keeps countless people awake all night. Call Wadhwani & Shanfeld today to schedule a meeting. There is relief in sight. With the right legal team, you can either reduce or eliminate crushing medical debt and enjoy a fresh financial start. A Rancho Cucamonga medical debt lawyer with our firm can review your debt and different legal options.
