Can you file bankruptcy on medical bills only and will it effect your credit score?

Answer 1

No: When you file for bankruptcy, you cannot pick and choose which debts to write off.

Furthermore, you cannot get out of tax debts or child support when filing bankruptcy (and there may be some other things that one cannot get out of, either). I know that you didn't ask that, but I thought that I'd put that in, just as a "FYI" thing.

You might think that you could possibly avoid ruining your credit by paying off your credit cards, so that the only debts that you have left would be your medical bills, and THEN declare bankruptcy--but the bankruptcy court might see through this, make the credit card holders pay back part or all of that money, and then pay all of the creditors out of whatever money is in your pool of assets. You'd have to talk to a bankruptcy lawyer about this for the specifics.

A bankruptcy will show on your credit record for about a decade. And I've also heard that it shows up on your record PERMANENTLY for certain things, such as mortgages or even whenever you apply for a high-level, high-paying job.

In summary: It's worth the money to consult with a good bankruptcy lawyer to get all of your facts before you make a decision as to what to do. Sometimes you can get part of your medical bills written off, so negotiating with those creditors might be preferable to declaring bankruptcy.

Answer 2

you file any kind of bankruptcy and it will definitely affect your credit for 7 years

Answer 3

you have to fike bankrupt on everything...and yes it affects your credit. You can reaffirm things like vehicles or a house or something like that and keep those items but you have to keep paying for them. It is also kind of expensive so make sure you are really in debt. If you have any more questions just email me at [e-mail]

Answer 4

I know for sure that you CAN file on unpaid taxes. I know this because my ex husband did it while we were married..It was expensive but the best thing he ever did, he and his new wife had a much better life than he and I had, because he was completely debt free and made fantastic money..He was in debt and owed tens of thousands in child support and back taxes unbeknownst to me when I met him and was like that until almost the very end..Always do a back ground check.. Just saying. because that really did suck having all of that dumped in my lap.

Answer 5

Yes and yes. Contact a bankruptcy attorney, they will be able to specifically answer your questions and concerns much better than anyone on here.

Answer 6

Yes, I just did that myself last year and I had no credit cards. Yes it horribly affects your credit, so make sure you need to.

Answer 7

Can you file bankruptcy on medical bills only and will it effect your credit score?

T.R.Y
T.H.I.S.
S.I.T.E
W.H.E.R.E
Y.O.U
C.A.N
F.I.N.D
T.H.E
B.E.S.T
S.O.L.U.T.I.O.N
F.O.R
Y.O.U

Answer 8

No & Yes.