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Medical Debt and Your House
self
Posted on 08/23/2005 5:27:04 PM PDT by hsmomx3
If someone accumulates a lot of debt due to major medical bills, can the state seize your home if you are unable to pay in a timely manner?
Also, which states do not take your home away in this situation?
TOPICS: Government; Health/Medicine
KEYWORDS: debt; homes; laws; medicalbills
Just curious, that's all.
1
posted on
08/23/2005 5:27:06 PM PDT
by
hsmomx3
To: hsmomx3
Move to Cuba or Venezuela ASAP (kidding).
2
posted on
08/23/2005 5:28:50 PM PDT
by
jdm
(The answer to the extra credit question on a Columbia U exam is always choice C: "Bush's Fault.")
To: hsmomx3
3
posted on
08/23/2005 5:31:36 PM PDT
by
satchmodog9
(Murder and weather are our only news)
To: hsmomx3
It depends on your state's homestead laws.
4
posted on
08/23/2005 5:32:04 PM PDT
by
Dog Gone
To: hsmomx3
Yes if they want to give it to a developer to bulid a theater and hotel
5
posted on
08/23/2005 5:33:28 PM PDT
by
al baby
(Father of the beeber)
To: hsmomx3
If someone accumulates a lot of debt due to major medical bills, can the state seize your home if you are unable to pay in a timely manner? No. If you submit $20 a month you're cool (I think). My step-father has about $200,000 in unpaid medical bills from 1992 to present and he still has his home.
6
posted on
08/23/2005 5:34:11 PM PDT
by
jdm
(The answer to the extra credit question on a Columbia U exam is always choice C: "Bush's Fault.")
To: hsmomx3
Only if by some strange chance you live in Arizona... Otherwise you're probably OK.
7
posted on
08/23/2005 5:45:50 PM PDT
by
FinallyBackInNH
((I know...that was evil, but I couldn't help myself))
To: hsmomx3
I've heard before that medical debt can't or doesn't even count against your credit score. Maybe somebody else can confirm that.
To: hsmomx3
Google : Medicaid debt recovery
9
posted on
08/23/2005 5:50:38 PM PDT
by
afnamvet
(Jet Noise...The Sound of Freedom)
To: diverteach
I've heard before that medical debt can't or doesn't even count against your credit score. Maybe somebody else can confirm that.No it does not, first and second hand opinion.
Medical bills (in Indiana) are dischargeable in bankruptcy, so no point in them forcing the issue.
I wouldn't sign a promissory note, though. Some hospitals arrange for a bank to take over the debt, guaranteed acceptance. I may be wrong, but I would imagine that a bank could come after you when the hospital could not.
10
posted on
08/23/2005 5:58:09 PM PDT
by
digger48
To: hsmomx3
11
posted on
08/23/2005 5:59:18 PM PDT
by
digger48
To: hsmomx3
Yes, your home and your business. It happened to friends without insurance and a premeie.
12
posted on
08/23/2005 6:04:21 PM PDT
by
Chickensoup
(Mmmmmmm! Mmmmmmm! Good!)
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