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Medical debt problems in Ohio

Second to the fear of not be able to put food on the table, one of the worst aspects of having debt problems is the shame that many Ohio residents feel when they cannot pay their bills. However, hard times can fall on anyone, and sometimes falling into debt problems is unavoidable. This is especially true when it comes to medical debt.

Indeed, when faced with the need to survive, going deep into debt to pay for medical care is a no-brainer. Paying for medical care is not an option if you want to live a healthy and productive life in many cases. For this reason, we should all have a soft spot for those who fall into debt because they had to pay for their medical bills.

Also, those who fall into debt due to medical bills should be aware that there may be a light at the end of the tunnel through the bankruptcy process. By initiating Chapter 7 proceedings, for example, some Ohio residents may be able to make their medical debt disappear. With Chapter 7 proceedings, for example, it may be necessary to liquidate certain assets, and the proceeds will then be used to pay creditors. However, not all of an individual's assets will need to be liquidated -- because some assets will always be exempt from the process. Exemptions might include things that are necessary for life like an automobile, furniture, home appliances, clothing, the family residence and more depending on individual's circumstances.

If you are facing a medical debt problem that there is no way you can get out of, know that the Rose Law Office in Ohio may be able to help you navigate your circumstances. At the very least, we are available to listen to your story and advise you of your legal rights and options in a free, no obligation, first-time consultation.

Source: The Rose Law Office, "Types of Debt," accessed March 18, 2016

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