Author Box
Articles Categories
All Categories
Articles Resources

All About Medical Bankruptcy

October 24, 2011 | Comments: 0 | Views: 144

Food, shelter and clothing, these are the basic needs of humans to live. But with the kind of world that we have today, I think money must be part of the list that I have mentioned because almost everything as of the moment, has a price tag attached to it. It is undeniable that there are a lot of individuals today are filing a medical bankruptcy. What do this term means? Allow me to give you a full grasp as regards this matter because it is a right that is given each and every citizen of the state.

Medical Bankruptcy is actually not a legal term. If you wanted to file a bankruptcy, you need for chapter 7 bankruptcy. In this kind of bankruptcy, you need to enumerate all the debts that you have both medical-related debts and non-medical debts. Also, you have to list all the creditors that you have.

Who are the people that most of the time experience financial problems? Based on the bankruptcy statistics, the single mothers and the elderly are the ones who usually file for bankruptcy. We all know that as individuals get older, the more often they got sick. On the other hand, single mothers shoulder all the medical bills of their children. Both these situations give the elderly and the single moms' mountainous medical bills which force them to file for bankruptcy.

One of the basic questions of the people who file for bankruptcy is that, 'do doctors have the right to refuse on curing them?' Well actually, that is really a good question. Based on the facts that I have collected, I have found out that doctors, especially those who are working for public hospitals, do not have the right to refuse to any patient. This statement is based on the federal law provided by the state, since the hospitals are getting subsidy from the government, they do not have the right to refuse to anyone.

Another good question asked by the citizens, 'how can I file a bankruptcy?' the answer is very simple. You just have to prepare all the requirements and file for it. But it must be noted that once you have filed for the bankruptcy, you cannot file for it for six consecutive years. This only connotes that you do not have any protection from unwanted and unexpected debts for the said periods.

If you are planning to file for bankruptcy, it is advised that you first consult a lawyer. If you do not have the money to pay for them, you can go to the city lawyers. Learning the basic facts and laws regarding the bankruptcy is a must if you wanted to file for it. Being knowledgeable and prepared is the key for a successful filing.

Medical Bankruptcy is not as simple as you think. Filing for one has responsibilities attached to it. It is advised that you think twice before you make any further actions. Filing bankruptcy must be your last resort.

If you want to know what makes the Medical Bankruptcy filings and rules, make sure you visit my site now.

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

Medical Bankruptcy


Medical Bills

The 3 Month Payday Loans is most suitable options for the people who do not possess assets. There are a variety of loan options for the people who are willing to pledge assets against the cash

By: Cameron white l Finance > Personal Finance l July 09, 2013 lViews: 564

For many people, bankruptcy can make their world fall apart. The apparent loss of reputation coupled with the inability to take financial decisions can deter anyone from thinking clearly. But all is

By: noragwilt l Finance > Bankruptcy Lawyers l November 18, 2012 lViews: 304

If you are availing payday loans with monthly payments, it is easy for you to obtain quick money from online lending companies.By getting the best deals of loan, you can save money in terms of

By: Malen Cheks l Finance > Loans l November 16, 2012 lViews: 289

Loans online have become the popular source of income and people can make smart decision of taking it.Now, don’t go anywhere and sit in your home silently. Such deals would bring you money without

By: Marsh Jone l Finance > Loans l November 13, 2012 lViews: 288

Loans for the unemployed would let you feel comfortable with your unstable conditions due to jobless period.If you compare the rates of a few lenders, you would definitely get the suitable lender to

By: kelse roy l Finance > Loans l November 13, 2012 lViews: 467

By taking cash advance for bad credit, it is easy for you to improve your credit status. This loan is useful to relieve financial stress. This loan is totally free from credit verification and

By: Honard Nork l Finance > Loans l November 09, 2012 lViews: 301

At this time, there are many things that give a difficult to many individuals and also to families. It can be in the simple form of paying monthly bills and also the daily necessities of each family

By: Alison Gilbertl Finance > Bankruptcy Medicall January 29, 2012 lViews: 139

What are the reasons why you must file for an application of medical bankruptcy? Are you aware of this application in the first place? Are you interested to know more of this subject? If you do, then

By: Matt W. Campbelll Finance > Bankruptcy Medicall January 04, 2012 lViews: 143

High medical bills are among the numerous reasons why people file for bankruptcy. This is often the case in various cities in the US. The reason is very obvious; there's a high cost of health care

By: Jenel Murgl Finance > Bankruptcy Medicall November 24, 2011 lViews: 146

Medical bankruptcy may become the only option for a person, regardless of their current financial situation or what type of medical insurance they carry. The uninsured are at the greatest risk of

By: Leonard A Simmonsl Finance > Bankruptcy Medicall September 27, 2011 lViews: 155

Have you heard of the medical bankruptcy? Well, you might think that this is all about being insolvent due to medical issues alone, and filing a 'medical bankruptcy' because of it. I cannot blame you

By: Ralph A. Millerl Finance > Bankruptcy Medicall September 26, 2011 lViews: 148

Do you know what it takes to prevent a medical bankruptcy? What you need to understand is that in order to prevent a medical bankruptcy you need to...

By: Jackson Bryantsl Finance > Bankruptcy Medicall June 08, 2011 lViews: 138

Getting a college degree is not as simple as it seems. There are a lot of our fellowmen who are unable to reach for their dreams because they do not have the money to pay for the tuition fee. What if

By: Alison Gilbertl Reference & Education > Vocational Trade Schoolsl April 11, 2012 lViews: 107

At this time, there are many things that give a difficult to many individuals and also to families. It can be in the simple form of paying monthly bills and also the daily necessities of each family

By: Alison Gilbertl Finance > Bankruptcy Medicall January 29, 2012 lViews: 139