Medical Bankruptcy in Sacramento, CA: The Alarming Truth
The Rising Cases of Medical bankruptcy in Sacramento, CA
Medical bankruptcy in Sacramento, CA has increased over the last few years as a result of the recent recession that swept the United States. Statistics show that 60% of bankruptcies filed in the US are related to medical incremental bills and debt, mostly for those 65 years and up.
For a free fifteen minute consultation with our expert bankruptcy lawyer Contact a bankruptcy expert today about Medical bankruptcy in Sacramento, CA or give us a phone call 916-756-0243
Such bankruptcy in Sacramento, CA even the most stable families since illnesses strike anyone at the most unlikely time. Unlike expenses that you can cut and control, these are necessary expenses that can even deplete life savings in an instant. When people have no way out, the most logical thing to do is file for medical bankruptcy in Sacramento, CA.
If I have health insurance, am I still at risk for medical bankruptcy in Sacramento, CA?
People have mistakenly believed that they cannot be victims of medical bankruptcy in Sacramento, CA since they already have health insurance coverage. Big Mistake. Truth be told, health insurance companies and aggressive sales offers led people to believe that they are exempt from most medical bills, giving most people a false sense of security and insurance. According to Health Affairs Medical Journal, a whopping 75% of cases attributed to medical bankruptcy in Sacramento, CA were filed by those people who have health insurance. Since medical bills are expensive and at worst cases, continuous, they can no longer pay their health insurance. However, since insurance companies are still businesses that wanted to make money, they use their leverage to aggressively collect money from people regardless of their health condition. This forces most people to file for medical bankruptcy in Sacramento, CA since they feel that they no longer have an option.
Can I apply for loan immediately after recovering from medical bankruptcy in Sacramento, CA?
As any, medical bankruptcy in Sacramento, CA is a difficult decision to make. It is leaves a record that can negatively affect your credit rating long-term. Even if you have recovered from this grueling and life-changing ordeal within a short period, it doesn’t guarantee a complete return of your financial credibility. Medical bankruptcy in Sacramento, CA leaves a scarring record that usually lasts up to 10 years depending on the type of Sacramento, CA bankruptcy case you filed. This simply means that you cannot apply for a loan or a mortgage within the timeframe associated with the medical bankruptcy in Sacramento, CA filed, stated on the credit report. Chapter 7 bankruptcy Sacramento, CA filing relieves the debtor of most his debts but he cannot make a loan within 10 years. Chapter 13, on the other hand, retains record of bankruptcy within 7 years from filing.
Want to find out more about medical bankruptcy in Sacramento, CA?
Please call for a free fifteen minute consultation with one of our bankruptcy lawyers or give us a call (916) 756-0243. Our office is easy to find and open from 9:00am to 6:00pm. If you prefer an appointment on the weekend, simply give us a call and we will schedule you a convenient time. To meet with a Sacramento, ca Bankruptcy Attorney about medical bankruptcy in Sacramento, CA see below details. We are always flexible with your schedule and we will make sure you get your problems resolved. We have experts that will help you file for bankruptcy under Federal Bankruptcy Law.
Our hours of operation are
Tuesday: 9:00 am – 6:00 pm
Wednesday: 9:00 am – 6:00 pm
Thursday: 9:00 am – 6:00 pm
Friday: 9:00 am – 6:00 pm
Saturday: 9:00 am – 6:00 pm
Sunday: Closed
For directions go to:
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Thomas Hogan Law Office
Phone: (916) 756-0243
