Coronavirus Medical Debt Attorney Monterey
The COVID-19 pandemic we’ve been experiencing since last year has had a lasting impact on all of our lives, and the financial impact has been particularly difficult to surmount. If, however, you survived the coronavirus but accrued immense debt during the recovery process, the path forward can be exceptionally rocky. Reaching out to an experienced coronavirus medical debt attorney in Monterey can help.
If Your Debtors Are Seeking Payment
The medical bills associated with treatment for the coronavirus can mount quickly – and can become overwhelming in the process. If your debtors are pressuring you for payment, it can be very upsetting, and you may be desperate to find a solution. Before you rush into something that may not be in your best financial interests, however, it is always an excellent idea to obtain the professional legal counsel of an experienced medical debt attorney.
If Your Debt Is in Collections
Contacting your debtors before they begin legal action is generally the best path forward. However, if your debt has already gone into collections, you are likely being hassled by debt collectors, creating an even more stressful situation. While there are laws in place that are intended to protect you from outright harassment, some collection companies employ tactics that push the legal boundaries. The fact is that you suffered a life-threatening illness that you may not have completely recovered from, you are burdened with excessive debt, your earnings may have also taken a hit, and the economic climate generally is down, which makes being hounded by debt collectors the last thing you need.
Exploring Your Best Financial Options
For many people dealing with overwhelming debt, the best course of action will be filing bankruptcy. There are several types of bankruptcy relief available under California law, with Chapter 7 being the most common type of filing for individuals. In a Chapter 7 bankruptcy, a record of your assets and debts will be collected and analyzed by a bankruptcy trustee, and assets may be liquidated if necessary to help pay your creditors. If the bankruptcy is approved, eligible debts will be eliminated and you can begin with a fresh start.
Chapter 7 is not always the best choice for all people, though. There are income restrictions that apply, and if you own a business, you may want to consider a Chapter 11 or Chapter 13 filing that may give you more legal options. Whatever your situation, an experienced coronavirus medical debt attorney can help you explore your best options and find what works for you.
Consult with an Experienced Coronavirus Medical Debt Attorney in Monterey Today
If the weight of your coronavirus-related medical debt is crushing you, the dedicated coronavirus medical debt attorneys at Miranda, Magden & Miranda, LLP, in Monterey understand the gravity of your financial situation and are standing by to help. Our savvy legal team is on your side, so please don’t hesitate to contact us for more information today.