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  1. #1
    Join Date
    Sep 2016
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    13,916

    Default What is a Medical Bankruptcy

    Is a medical bankruptcy a special kind of bankruptcy for people who have significant medical debt? Or is it no different from any other bankruptcy?

  2. #2
    Join Date
    Sep 2005
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    Behind a Desk
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    98,817

    Default Re: What is a Medical Bankruptcy

    When people are driven into bankruptcy by medical debt, their bankruptcy may be informally described as a medical bankruptcy. But as far as the bankruptcy court is concerned, the petition and process of deciding the case are no different than in any other bankruptcy. Read this.

  3. #3

    Default Re: What is a Medical Bankruptcy

    Medical bankruptcy is a form of relief offered by a local government to provide aid or a restructured payment plan to an individual who is stricken with medical bills. As a result of the exorbitant costs associated with medical bills, an individual (without medical insurance) is susceptible to financial crippling at the expense of receiving medical aid.

  4. #4

    Default Re: What is a Medical Bankruptcy

    Quote Quoting settlementquick
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    Medical bankruptcy is a form of relief offered by a local government to provide aid or a restructured payment plan to an individual who is stricken with medical bills. As a result of the exorbitant costs associated with medical bills, an individual (without medical insurance) is susceptible to financial crippling at the expense of receiving medical aid.
    No it is not. As MR. KNOWITALL posted, all bankruptcy is Federal, and there is no separate category of "medical bankruptcy". It is handled just like any other bankruptcy. You must list all your debts and all your assets and will be subject to all the other bankruptcy requirements.

  5. #5
    Join Date
    Sep 2010
    Posts
    467

    Default Re: What is a Medical Bankruptcy

    Quote Quoting settlementquick
    View Post
    Medical bankruptcy is a form of relief offered by a local government to provide aid or a restructured payment plan to an individual who is stricken with medical bills. As a result of the exorbitant costs associated with medical bills, an individual (without medical insurance) is susceptible to financial crippling at the expense of receiving medical aid.
    The poster got this “quote” from the following web site which clearly has nothing to do with US bankruptcy law and, if the web site so asserts, the administrator of the site is wrong.

    https: // bankruptcy . laws.com / medical-bankruptcy (remove spaces for the link)


    As pointed out there simply is no such thing as a “medical bankruptcy” under Federal Bankruptcy Law. In 2016 a Bill was introduced in the Senate called the “Medical Bankruptcy Fairness Act of 2016” which would have amended certain provisions of the Bankruptcy Code. As far as I know the Bill never got out of Committee - no doubt due to the creditor lobby and the make up of Congress. Someone correct me if this is wrong.

    Des.

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