Huge Medical Bill - Bankruptcy ? Posted: 08-03-07 20:43pm
I was hospitalized for several weeks
in2005. I have been trying to pay this
bill for 2 years and hardly making a
dent.
Friends have suggested I apply for
bankruptcy. What would this do to my
financial future? I rent a small apt.,have
an older car some furniture and a a
very small Ira.
Will they make me sell everything or are
some possessions allowed? I know it will
be bad for credit but I don't know any
other options.
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robbie25
New User, Becoming EHEALTHy
Joined: 03 Aug 2007 Posts: 6 Location: ,
Posted: 08-04-07 15:10pm
Due to the mess the healthcare system is
in, I'm sure there are many in your
situation. Maybe someone will have a
suggestion. In the meantime, you could
check your states laws regarding
backruptcy.
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Carifairy
Extremely EHEALTHy
Joined: 12 Nov 2005 Posts: 2610 Location: Charlotte n.c.
Thanks: 12
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Posted: 08-04-07 16:22pm
Talk to the hostpital and see if they can
reduce your bill.
IF you do not make a lot of money, most
hospitals have what is called 'Charity
care', and your bill could be reduced a
lot.
Bankruptcy would affect you in MANY ways,
from buying a house, a car, and even
getting simple credit to straighten your
life out.
Keep paying the bill, ANYTHING you can pay
each month, whether it is 10$ or 100$...
Medical bills on the credit report do not
look as negative as bankruptcy.
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Ingi
Moderator
Joined: 09 Mar 2006 Posts: 8884 Location: Grinning like a Cheshire Cat,
Thanks: 171
Thanked:197
Posted: 08-04-07 16:26pm
I agree with Carifairy. Talk to the
hospital. It always amazes me that people
have old hospital debts. Hospitals write
this off as 'charity' all the time -
reducing bills, etc. Call and talk to
them. And, if you don't like the answer
the first person gives you, speak with
someone else.
