Credit Card Debt and Medical Bills

Little Rock Bankruptcy Attorneys

Credit card debt and medical bills are two of the most common reasons why people file for bankruptcy. Credit card bills can add up quickly with large interest rates. Medical bills can be overwhelming, especially for families that do not have health insurance. In fact, a 2009 CNN article cites a study which concluded that 60 percent of all personal bankruptcies were prompted by medical bills.

If you are drowning in a sea of credit card debt or you are unable to pay large medical bills, bankruptcy may provide the critical debt relief you need. To learn more, contact a knowledgeable bankruptcy attorney at Robertson, Oswalt and Associates. With office locations in Little Rock, Benton and Heber Springs, we serve clients throughout Arkansas.

Debt Relief Is Available

Significant changes were made to the U.S. Bankruptcy Code in 2005. Unfortunately, there has been a lot of misunderstanding about the new bankruptcy rules. If you are struggling with debt, please be advised:

  • Credit card debts are dischargeable through bankruptcy.
  • Medical bills are dischargeable through bankruptcy.
  • While a debtor must satisfy an economic means test to obtain eligibility for Chapter 7 bankruptcy, most of the people who contact our office are eligible for Chapter 7 relief. For people who are not eligible for Chapter 7 bankruptcy relief, Chapter 13 bankruptcy relief is often available.

The U.S. Bankruptcy Code was created to give people a second chance and a fresh start. With a Chapter 7 bankruptcy you may be able to discharge all of your credit card debts and all of your medical bills. With a Chapter 13 bankruptcy, you are only required to pay what you can afford, as determined by the court. In either instance, you obtain critical debt relief and can obtain the debt relief you need to move forward with a renewed sense of hope and security.

Contact Us

We encourage you to learn more about bankruptcy and determine if it may be right for you. To schedule a consultation with a Little Rock bankruptcy lawyer at our firm, call 501-588-4451 or contact us toll free at 866-311-3815. You may also contact us by e-mail.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.