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Can you tell me about your financial position – do you own assets, do you work, how much do you make, etc.
I make $2000/month in sales commission if I sell something. I own a home and have a IRA worth $200,000.
You may want to consider a chapter 7 bankruptcy. It would allow you to keep the house and the IRA and discharge/erase the medical bills.
I can explain
As an individual, there are two types of bankruptcy available. A Chapter 7 and a Chapter 13. There are distinct differences in between a Chapter 7 and a Chapter 13 bankruptcy.A Chapter 7 bankruptcy could discharge (erase) all of your unsecured debt such as credit cards, judgments and personal loans. It would be an opportunity for a fresh financial start. You may have to surrender assets, if any, that exceed your exemption. However if everything you own is exempt, you should lose nothing but your debts.
A Chapter 13 bankruptcy is a repayment plan for an individual. It may require that you repay some of your unsecured credit card debt over a 3 -5 year period. However, you may retain assets that exceed your exemption.
Here are the exemptions for Texas: http://www.bankruptcyinformation.com/tx_exemp.htm
I guess I should get a lawyer to help me with this.
absolutely. Bankruptcy is deceptively complex. I strongly suggest that you have a local bankruptcy attorney represent you. Most importantly you will want to not file bankruptcy until all medical treatment has been completed
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Sounds good,, Thanks for the link.
good luck to you
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