Minneapolis Bankruptcy Attorney

Medical Bankruptcies Lawyer

Medical expenses are the number one reason for individuals to file for bankruptcy and as many as 60% of our nation’s bankruptcies are caused by these unexpected expenses. And the problem isn’t just in people who have no insurance. In fact, half of all medical bankruptcies are filed by people who do have insurance because many insurance plans still expect the patient to pay at least 20% of the total medical bill. It is important to remember that there is no shame in speaking with a Minneapolis bankruptcy attorney after medical expenses have left you with too many debts. The fact is, most people simply do not save enough to pay off such major expenses when an emergency arrives.

Medical bankruptcies are not their own type of bankruptcy (you will still need to file for either Chapter 7 or Chapter 13), but they are the leading cause of these bankruptcies. In most cases, these unexpected events result in massive expenses and bankruptcy becomes unavoidable when the family encounters such high bills. Your Minneapolis bankruptcy lawyer can help you discharge these massive expenses so you can get back to your pre-injury lifestyle as soon as possible.

Many insurance companies have a high limit of coverage on their total spenditures. Unfortunately, while these limits (often upwards of one million dollars) seem high, they can quickly be exceeded when a serious long-term condition such as cancer strike. Once this happens, the patient will be expected to cover all expenses above the one million dollar limit. In these cases, that amount can quickly become unwieldy. The only way many families can cope with these excessive bills is by working with a top Minneapolis bankruptcy attorney to discharge the debt.

If you and your family have fallen victim to unexpected medical bills that you simply cannot afford, please call The Law Firm of Minneapolis Bankruptcy Attorney and schedule your consultation with a Minneapolis bankruptcy lawyer from our firm.