According to data from financial experts, nearly one in five American adults struggle to pay their medical bills. This is not surprising when you consider that healthcare costs have been rising steadily for years. In fact, between 2001 and 2016, healthcare spending in the United States increased by more than 50%.
There are several factors that contribute to the high cost of healthcare, including the rising price of prescription drugs, the increasing number of people who are covered by health insurance, and the aging population.
If you’re facing wage garnishment due to medical bills, there are a few things you can do to try to stop it.
First, you can contact your creditors and try to negotiate a payment plan that works for both of you. This might involve making smaller monthly payments over a longer period of time.
You can also try to dispute the debt if you think you don’t owe it or if the amount is incorrect.
If neither of these options works, you can file for bankruptcy. This will stop wage garnishment and give you a chance to get your finances back on track.
When you file for bankruptcy, an automatic stay goes into effect. This means that creditors are no longer able to garnish your wages. The automatic stay will remain in place until your bankruptcy case is resolved or dismissed.
If you’re facing wage garnishment and are considering filing for bankruptcy, it’s important to speak with an experienced bankruptcy attorney in Tampa. You might be wondering how to stop medical bills from garnishing wages. They can help you understand how bankruptcy will impact your specific situation and whether it’s the right option for you.
Medical bills can be a huge financial burden, but there are ways to deal with them. If you’re facing wage garnishment, try to negotiate a payment plan or dispute the debt. If all else fails, bankruptcy might be the best option.
