Food, housing and clothing, these are the basic needs of the human being to live. But with the kind of world we have today, I think money should be part of the list I’ve mentioned because just about everything, right now, has a price tag attached to it. It is undeniable that there are a lot of people today filing for medical bankruptcy. What does this term mean? Let me give you a complete idea on this issue because it is a right that is given to each and every citizen of the state.

Medical bankruptcy is not actually a legal term. If you want to file for bankruptcy, you need a Chapter 7 bankruptcy. In this type of bankruptcy, you must list all the debts you owe, both medical and non-medical debts. Also, you must list all the creditors you have.

Who are the people who most often experience financial problems? According to bankruptcy statistics, single mothers and the elderly are the most likely to file for bankruptcy. We all know that as people get older, they get sick more often. On the other hand, single mothers bear all the medical expenses of their children. Both situations give the elderly and single mothers expensive medical bills that force them to declare bankruptcy.

One of the basic questions of people who declare bankruptcy is, ‘do doctors have the right to refuse to treat them?’ Well, actually, that’s actually a good question. Based on the facts I have collected, I have found that doctors, especially those who work for public hospitals, do not have the right to refuse any patient. This statement is based on the federal law provided by the state, since hospitals receive government subsidy, they have no right to refuse to anyone.

Another good question from citizens, ‘how can I file for bankruptcy?’ The answer is very simple. You just have to prepare all the requirements and submit the application. But it should be noted that once you have filed for bankruptcy, you will not be able to do so for six consecutive years. This just means that you have no protection against unwanted and unexpected debt during such periods.

If you plan to file for bankruptcy, it is recommended that you first consult an attorney. If you do not have money to pay them, you can go to the city lawyers. Learning the basic facts and laws regarding bankruptcy is a must if you want to file. Being well informed and prepared is the key to a successful presentation.

Medical Bankruptcy is not as simple as you think. Submitting one has responsibilities attached to it. It is recommended that you think twice before taking any other action. Bankruptcy should be your last resort.