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Anecdotal example: I was in a coffee shop in Redding CA. There was a lady with a nasal infusion pump tube in her nose. I struck up a conversation with her. It t

Anecdotal example: I was in a coffee shop in Redding CA. There was a lady with a nasal infusion pump tube in her nose. I struck up a conversation with her. It turns out she had Stage IV cancer and was about to go before a bankruptcy magistrate to fight to keep her clothes, housing, and vehicle. Her creditors were the doctors and hospitals who were going after her while she was still alive.

DavidPeiffer 4y ago
> It turns out she had Stage IV cancer and was about to go before a bankruptcy magistrate to fight to keep her clothes, housing, and vehicle. There are protections that vary significantly by state, and it's interesting to look through the variations in policy. Some states exempt a single firearm (regardless of value). If memory serves right, 401k's are protected by ERISA rules, but many states have IRA protections as well. Iowa exempts the entire homestead up to 1/4 acre in a city, regardless of its value. Having to deal with all of those items while battling a terrible disease puts someone in a disadvantaged position, but if you're ever in a position to help someone, it is good to be aware what exemptions exist. If your house is exempted, don't do a HELOC to pay medical bills. https://www.nolo.com/legal-encyclopedia/california-bankruptcy-exemptions-property-assets.html https://www.nolo.com/legal-encyclopedia/california-bankruptc...
ars 4y ago
Why didn't she qualify for all the free (subsidized) insurance options offered by the ACA?