A medical emergency can have significant ramifications for your life, particularly in the form of financial consequences. Did you know that medical expenses are one of the leading causes of bankruptcy across the United States? This is because even when you have health insurance, a sudden and expensive medical procedure can set you back for years.

Even attempting to make minimum payments on time can quickly become overwhelming when you feel like you are not even making a dent. What makes this situation even more complicated is when creditors who have purchased the medical debt continue to contact you on a regular basis making you feel as though you’ve done something terrible.

Getting the medical attention that you need in a medical emergency is certainly important, but you may regret this decision for months or years after you’ve received the procedure, despite the fact that it was the best decision for you at the time. If you’ve been making a solid effort to make payments on your medical debt but simply feel like you are getting nowhere, then it might be time to consider bankruptcy.

Unfortunately, for individuals with significant medical debt, bankruptcy may be the only way to move forward with your life. This is particularly true if you have been trying to pay off the debt for several years to no avail. Receiving a statement that shows that you have only made a small dent in a large amount may indicate that it’s time to consult with a knowledgeable New York bankruptcy attorney. Speaking to an attorney does not obligate you to file bankruptcy, but rather it gives you the option to carefully consider your choices. If you are considering filing bankruptcy, you should review your options with Jayson Lutzky, a Bronx, NY personal bankruptcy attorney. He has over 32 years of legal experience and has helped many highly satisfied clients get a fresh financial start. Call 718-514-6619 to set up an in-person consultation. Visit www.MyNewYorkCityLawyer.com to learn more about Mr. Lutzky.