Milford, Massachusetts Bankruptcy Lawyer
Medical care for chronic or catastrophic illness is the #1 cause of bankruptcy in the U.S. While Massachusetts residents are in better shape than residents of most states in the U.S. because of the Access to Affordable, Quality, Accountable Health Care Act, that safety net provides only a minimum level of coverage. The truth is, many Massachusetts families still find themselves in financial hardship because of high deductibles, large copayments and uncovered services.
You still have a life to live.
If most of your income is going to pay for medical debt, you aren't being fair to yourself or to your family. Talk to a Milford, MA, bankruptcy attorney at the Law Office of Raymond Mastroianni about your options. We help families in Worcester, Framingham and in all Metrowest towns. We can review your bills to see if repayment is even possible. Filing for bankruptcy may be the best step you can take for the well being of your family.
Call (508) 473-8801 or email our office to schedule an appointment. Your initial consultation is free.
Chapter 7 and Chapter 13 Bankruptcy: Two Ways to Deal with Medical Debt
Chapter 7 and Chapter 13 bankruptcy address debt in different ways. We will look at your full financial picture in order to determine which one will provide you with the greatest debt relief.
Chapter 7: If you have a substantial amount of medical debt, your income is modest and you have few assets, you probably qualify for a FRESH START with Chapter 7 bankruptcy. Under Chapter 7, all of your medical debt is discharged. You do not have to repay it.
Chapter 13: If you have a steady income and could repay some of the medical debt over time, you may qualify for a Chapter 13 bankruptcy, which can both restructure and discharge debt. For example, with Chapter 13 we may be able to have some of your debts cleared completely while interest rates are lowered and repayment schedules are extended for other debts.
Talk with a Bankruptcy Attorney About Bankruptcy and Medical Debt
You and your family have gone through a lot as you struggled with medical problems. Sometimes the stress of health issues and debt cause couples to divorce. If you are contemplating divorce I recommend working with a divorce mediator to keep the cost of a divorce at a minimum. Let us help you through the financial problems that remain. Contact our Milford law office or call (508) 473-8801.
- Flexible Appointments Available
- Home Visits
- Free Initial Consultation
