California Medical Bankruptcy Law
Debt incurred due to medical problems can be extremely frustrating and exasperating. Whether it’s due to dreadful sickness, an extended hospital stay, rehabilitative treatment, in-home care, or pricey procedures without insurance, medical expenses can tote up quickly - in fact, medical debt is frequently a chief cause of individual bankruptcy.
Don't worry about the size of the debt. There is no minimum or maximum amount that can be discharged. The bankruptcy law discharges any debt that is allowed to be discharged.
As the final point, the Congress has identified that many individuals are either not covered by health insurance or have insufficient health insurance coverage.
The California Bankruptcy Act calls for all personal debtors who file bankruptcy to undergo credit counseling within six months before filing for bankruptcy relief and to complete a financial management instructional course after filing bankruptcy. Under the Bankruptcy Act your income and expenses are evaluated to conclude if you qualify to file a Chapter 7 or Chapter 13 and thus the bankruptcy chapter is decided.
California medical bankruptcy law involves a certain set of steps to be followed. To initiate the bankruptcy process, you are required to document all of your medical bills, your family’s medical bills and insurance documentation along with all of the other documents that the debtors have to produce.
For instance, a Chapter 7 bankruptcy wipes out all unsecured debt, including medical debt. The biggest problem associated with it is that once a person files bankruptcy, he or she cannot do so again for six years.
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