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Genuine question; what happens at this point? That's a stupid amount of money that many people will never be in a position to pay off. If they can't get it chan

Genuine question; what happens at this point? That's a stupid amount of money that many people will never be in a position to pay off. If they can't get it changed to something they can actually afford, is it simply a case of declare bankruptcy? Lose every asset you own, but then you're at zero rather than at minus a million.

toomuchtodo 6y ago
Yes. You either declare Chapter 7 and get to keep what debtor protections allow you to keep, which varies wildly by state; Texas and Florida have very strong protections for example. Indiana and Illinois debtor protections are...less robust. It’s gotten much rarer, but some health providers and systems will forgive some or all of the debt depending on your financial position and public relations.
kingsloi 6y ago
So, that’s where I am now, I’ve questioned the bill, and I’m waiting for a return call from both the hospital, and my insurance. People have suggested getting divorced, or selling my house. One ends my immigration here, so bankruptcy/selling/losing my house is a possibility. I’ve heard people say to only pay the hospital $50/month as they can’t do anything, but if that’s the case, will my hospital bills outlive my daughter? I’m too afraid to ask. What a depressing thought. We’re in the process of applying for medicaid as her disability automatically qualifies her for certain stuff, but I genuinely have no idea what I am doing, like getting thrown in at the deep end. Everything is an acronyms, and Indiana and Illinois are like foreign countries, things exist in IL that don’t exist in IN, or named X in IL and Y, in IN.
- staticautomatic 6y ago
  You should consider seeking the advice of an attorney who specializes in working with debtors.
  - EliRivers 6y ago
    Aye, lawyer up. Especially since in some cases in some places, if you start doing things now to try to limit the effects of that bankruptcy, it can be seen as trying to hide assets or such like. Lawyer up. Medical debt specialist. Get a professional to look at it and tell you how screwed you are and what to do now to limit to lifetime effects. You are helpless against the teams of professionals with decades' of experience on the other side. This is no time to pussyfoot around or try to do things yourself. You know this to be true. Go pro, go early. That clock is ticking. What options do you have that will expire in a week? You don't know, but your lawyer will.
    - kingsloi 6y ago
      I wish I didn't have to lawyer up, I wish I could be permanently lawyered down youtu.be/PtnLAUcqVBc I appreciate the advice. I'll do some digging, ping some emails/make some calls and see what the deal is.

toomuchtodo 6y ago

Yes. You either declare Chapter 7 and get to keep what debtor protections allow you to keep, which varies wildly by state; Texas and Florida have very strong protections for example. Indiana and Illinois debtor protections are...less robust. It’s gotten much rarer, but some health providers and systems will forgive some or all of the debt depending on your financial position and public relations.

kingsloi 6y ago

So, that’s where I am now, I’ve questioned the bill, and I’m waiting for a return call from both the hospital, and my insurance. People have suggested getting divorced, or selling my house. One ends my immigration here, so bankruptcy/selling/losing my house is a possibility. I’ve heard people say to only pay the hospital $50/month as they can’t do anything, but if that’s the case, will my hospital bills outlive my daughter? I’m too afraid to ask. What a depressing thought. We’re in the process of applying for medicaid as her disability automatically qualifies her for certain stuff, but I genuinely have no idea what I am doing, like getting thrown in at the deep end. Everything is an acronyms, and Indiana and Illinois are like foreign countries, things exist in IL that don’t exist in IN, or named X in IL and Y, in IN.

staticautomatic 6y ago
You should consider seeking the advice of an attorney who specializes in working with debtors.
- EliRivers 6y ago
  Aye, lawyer up. Especially since in some cases in some places, if you start doing things now to try to limit the effects of that bankruptcy, it can be seen as trying to hide assets or such like. Lawyer up. Medical debt specialist. Get a professional to look at it and tell you how screwed you are and what to do now to limit to lifetime effects. You are helpless against the teams of professionals with decades' of experience on the other side. This is no time to pussyfoot around or try to do things yourself. You know this to be true. Go pro, go early. That clock is ticking. What options do you have that will expire in a week? You don't know, but your lawyer will.
  - kingsloi 6y ago
    I wish I didn't have to lawyer up, I wish I could be permanently lawyered down youtu.be/PtnLAUcqVBc I appreciate the advice. I'll do some digging, ping some emails/make some calls and see what the deal is.