The High Cost Of Health Care And The Relief Bankruptcy Brings

Medical debt drives nearly 67% of bankruptcy filings in the United States. In this Daily Journal guest column, Stretto Analyst George Basharis and Janus Law Attorney Larry D. Simons, explain how Chapter 7 and Chapter 13 bankruptcy provide relief for those overwhelmed by medical bills. The authors outline strategic considerations for timing, exemptions, and bankruptcy alternatives, including California’s groundbreaking SB 1061, which prohibits medical debt from appearing on credit reports. Essential reading for attorneys advising clients facing medical debt crises.