When you’re injured in a car accident, all you want is to get better and get back to the life you love. Depending on the severity of your injuries, you could be looking at a great sum of money in medical bills.
Most people who find themselves in this situation start to worry about how they’ll pay those bills. Some people even end up having to file bankruptcy because their medical bills are so high.
When you’re injured because of someone else’s negligence, you can file a personal injury claim against them to recover damages like:
- Pain and suffering
- Lost wages
- Medical bills
Unfortunately, some people decide to take a quick settlement offer from the insurance company without realizing how quickly and how high their medical bills will get. A law firm understands the desire to have quick money in your pocket. You want to make sure you have the money you need to pay your bills. But insurance companies aren’t always looking out for your best interest and may convince you to settle for an amount far less than what you actually need.
If you find yourself in this situation, you may need to consider bankruptcy. A lawyer can help you determine if this is the right path for your specific situation.
The medical provider may file suit against you if you don’t pay for the medical expenses your settlement didn’t cover. They may also take the extreme action of calling you at all hours of the day to try to collect. Once you file bankruptcy, all that has to stop immediately.
When it comes to bankruptcy, you have options. If you have the ability to repay some debts and want to keep some of your assets, Chapter 13 might be the right option for you. Under Chapter 13 bankruptcy, you and the bankruptcy trustee enter into a three to five-year payment plan where you repay debts over that time.
On the other hand, if you don’t have the ability to repay or don’t want to keep your assets, then Chapter 7 might be the right path for you. Chapter 7 bankruptcy is often referred to as a clean slate – you start fresh.
No matter which bankruptcy option you choose, working together with skilled bankruptcy attorneys will ensure you receive accurate and friendly service. They are here to help you get your fresh start and we will help you determine which path is the right one to take for your specific situation.
Contact a Law Firm for Help
Bankruptcy may seem like an extreme option. But it helps give you a fresh start. A law firm has the experience you can lean on to make sure you get the clean slate you deserve.
Your fresh start awaits but we must act fast. Any debt collection action won’t stop until you file for bankruptcy. Contact a law firm today to learn more during your no obligation consultation with a bankruptcy lawyer.