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Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
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How To Decide Whether And When To File For Bankruptcy

How Can Filing For Bankruptcy Help Me?

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  • Filing for bankruptcy can relieve the financial and emotional stress associated with overwhelming debt. 
  • While not all debts are dischargeable in bankruptcy, the types of debts usually associated with a serious health condition are dischargeable. The types of debts that are eligible to be discharged include:
    • Unpaid hospital and doctor bills.
    • Credit cards.
    • Unsecured loans (loans not secured by collateral such as a house or personal property).
    • Store accounts.
  • Once you file for bankruptcy, creditors are legally barred from taking further action to collect the money you owe them.  This includes phone calls and letters, the seizure of your property or taking your wages (garnishment). At least for a short while, it also means there won't be a disconnection of a utility service, eviction or foreclosure on your mortgage.
  • When the court discharges (completes) your bankruptcy, you will either no longer be responsible for paying eligible debts that were included in your filing or you will have a scheduled time over which to pay them.

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