Paying for medical care can be tough, but most people in Texas hope that they will be able to tackle bills as they arise. Unfortunately, this is often not the case. Millions of people in America are struggling with medical debt. While most people truly want to pay off these debts and move on with their lives, doing so can be easier said than done.
Medical debt a problem for 137 million patients
Do creditors violate the Chapter 7 bankruptcy automatic stay?
Being overwhelmed by debt creates a constant struggle for many Texas residents. Phone calls, threats of lawsuits and more only serve to make the situation worse. For this reason, many of them decide to file for Chapter 7 bankruptcy, partly in order to take advantage of the automatic stay, which bars creditors from engaging in collection activities during the proceedings.
Families want to pay their medical debt, but many aren't able to
Like other families across the country, many here in Texas struggle financially. One of the reasons for some families' struggles is due to medical debt. Even a brief trip to the emergency room can cost thousands of dollars, even with health insurance.
Would debt settlement help more than Chapter 7 bankruptcy?
This is not an easily answered question, but Texas residents considering their debt relief options need to understand the substantial risks involved in debt settlement. Far too many people have ended up in the same or worse financial circumstances after trying this option. In fact, many end up filing for Chapter 7 bankruptcy protection, and some admit they should have done so in the first place.
