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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.