Right, the John Oliver portfolio was out-of-statute, meaning nobody was legally required to pay it, but if a collector can get the debtor to acknowledge or make

Right, the John Oliver portfolio was out-of-statute, meaning nobody was legally required to pay it, but if a collector can get the debtor to acknowledge or make any payments on the debt, it completely restarts (never acknowledge or agree to make payments on debt over the phone!). Looks like one would get garnished to the max for 3-5 years after (Chapter 13) bankruptcy. If I ever get seriously ill and faced high medical bills, the first thing I would do is take most of my non-exempt (basically, not retirement accounts) assets and buy a cheap house, since in my state (Texas) the entire value of your homestead is bankruptcy exempt. This is assuming I have the health to do so, of course. I have a high enough credit score and income that the hospital would assume that I could pay, and existing lines of credit to pay for out-of-pocket stuff. edit: you could really go nuts with the exemptions! Put in a pool, buy one of these [1], fine home furnishings etc. [1] https://www.abebooks.com/book-search/title/king-james-bible/first-edition/sortby/1/page-1/ https://www.abebooks.com/book-search/title/king-james-bible/...