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Ask Ellen Your Own Question
Ellen
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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My Wife is in ICU in Texas at the moment and Has been for a

Resolved Question:

My Wife is in ICU in Texas at the moment and Has been for a month. I do not have insurance. What will happen when I get the bill and cannot pay it?
Submitted: 4 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 4 years ago.

WebLaw :

*This chat is not intended as legal advice. It is general information that may or may not apply to your situation and should not be relied upon.*

WebLaw :

Welcome to JustAnswer,
I am the expert that will be assisting you today. Thank you for your question.
If my answer is not clear to you or does not fully answer your question, please ask me for clarification by using the reply button.

WebLaw :

Can you tell me about your financial position – do you own assets, do you work, how much do you make, etc.

Customer:

I make $2000/month in sales commission if I sell something. I own a home and have a IRA worth $200,000.

WebLaw :


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.

WebLaw :

I can explain

Customer:

ok

WebLaw :

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.

WebLaw :


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.

WebLaw :


Here are the exemptions for Texas: http://www.bankruptcyinformation.com/tx_exemp.htm

Customer:

I guess I should get a lawyer to help me with this.

WebLaw :

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

WebLaw :

It has been my pleasure to assist you.

Your satisfaction is very important to me. If I have not answered your question completely, please let me know by clicking reply. If you are satisfied with my service, please leave positive feedback even if the law is not in your favor.

Please let me know if I can assist you in the future by starting your new question with "For WebLaw"

Customer:

Sounds good,, Thanks for the link.

WebLaw :

good luck to you

Ellen and other Bankruptcy Law Specialists are ready to help you