- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Would you ever consider declaring bankruptcy if your hospital bill was high enough?
Posted on 9/30/19 at 9:34 am to GetCocky11
Posted on 9/30/19 at 9:34 am to GetCocky11
quote:
I think in the Reddit story, there was in issue with pre-authorization that led to some services not being covered.
That's the hospitals job to get the pre-approvals unless it was all elective procedures and testing.
0
Posted on 9/30/19 at 9:47 am to biscuitsngravy
quote:
Actually the only debt you can't discharge in BK are student loans
not so fast. add:
Child support and alimony
debt to a spouse from partition (not discharged in 7, is in c13)
fraud or defalcation while a fiduciary
money borrowed based on misrepresented financial condition
recent income taxes
withholding taxes not paid over to irs
Posted on 9/30/19 at 9:49 am to piratedude
quote:
not so fast. add: Child support and alimony debt to a spouse from partition (not discharged in 7, is in c13) fraud or defalcation while a fiduciary money borrowed based on misrepresented financial condition recent income taxes withholding taxes not paid over to irs
yep, and don't forget attorney's fees
Posted on 9/30/19 at 10:05 am to 777Tiger
quote:
yep, and don't forget attorney's fees
attorney's fees are very much dischargeable generally. 523(19) excepts them when related to federal securities law, but nowhere else
Posted on 9/30/19 at 10:08 am to piratedude
quote:
attorney's fees are very much dischargeable generally. 523(19) excepts them when related to federal securities law, but nowhere else
don't keep up with bankruptcy law changes but forever they weren't because, who makes the laws? attorney's
Posted on 9/30/19 at 10:17 am to 777Tiger
quote:
who makes the laws? attorney's
in 2005, credit card companies and other lenders who want to continue to make high risk/high interest loans without actually experiencing the risk of loss, while keeping the high interest rates, bought your congress and gutted the bankruptcy system.
Posted on 9/30/19 at 10:23 am to piratedude
quote:
in 2005, credit card companies and other lenders who want to continue to make high risk/high interest loans without actually experiencing the risk of loss, while keeping the high interest rates, bought your congress and gutted the bankruptcy system.
bastards!!
Posted on 9/30/19 at 10:36 am to 777Tiger
There's another side of this that hasn't been discussed. Bankruptcy isn't what it used to be. A family member had a business deal go sour and declared Chapter 7 (the one where you walk away from everything) and was offered credit cards almost immediately. He couldn't buy a house for two years, but other than that, it had little effect. The only credit card company that won't touch him is AMEX. He also is ineligible to ever take out an SBA loan again.
That being said, it is difficult without business debt to do the walkaway bankruptcy post 2005. The average person that just cant pay their bills has to do Chapter 13 - which renegotiates the payments and divides what the means test says you can pay over all of your creditors.
So someone with a $100k income and $130k in debt isn't going to be able to just declare bankruptcy and not pay anything.
That being said, it is difficult without business debt to do the walkaway bankruptcy post 2005. The average person that just cant pay their bills has to do Chapter 13 - which renegotiates the payments and divides what the means test says you can pay over all of your creditors.
So someone with a $100k income and $130k in debt isn't going to be able to just declare bankruptcy and not pay anything.
This post was edited on 9/30/19 at 10:40 am
Posted on 9/30/19 at 1:17 pm to LNCHBOX
quote:
Because some money > no money.
I wouldn't think it would be prudent for a hospital to set a precedent by allowing a tiny amount. If one person gets by for little of nothing then the next will want to as well. And the next....
Posted on 9/30/19 at 1:19 pm to Chuker
quote:
I wouldn't think it would be prudent for a hospital to set a precedent by allowing a tiny amount. If one person gets by for little of nothing then the next will want to as well. And the next....
but that's the way it has been, for a long time
Posted on 9/30/19 at 1:26 pm to Chuker
quote:
I wouldn't think it would be prudent for a hospital to set a precedent by allowing a tiny amount. If one person gets by for little of nothing then the next will want to as well. And the next....
You'd think that, but then you'd think that of Hotels.com (and all of those websites), insurance companies (flat fee arrangements with lawyers), and various other examples. Companies do not want to write everything off.
Posted on 9/30/19 at 1:39 pm to GetCocky11
Good grief, there is some stunningly incorrect “advice” in this thread. Without addressing each one individually, you can’t just tender a small payment without the creditor agreeing to it and eliminate that creditor’s right to obtain a judgment.
Posted on 9/30/19 at 1:43 pm to TheHarahanian
quote:
When he came out of that, the bill was astronomical. The hospital knew they'd never be paid all of it. They worked out a reasonable payment plan with him.
He went back to doing the things that destroyed his pancreas and he's no longer with us.
I can't wait to pay for these types of people's health care bills under the next Democrat.
Posted on 9/30/19 at 2:02 pm to GetCocky11
I always wondered about this. I mean no way people actually pay those 100k+ hospital bills in full right?
Posted on 9/30/19 at 2:07 pm to Pelican fan99
quote:
I mean no way people actually pay those 100k+ hospital bills in full right?
probably not many, I did know this old black gentleman in FL that had some medical issue, can't recall right now, and came out of the hospital with a staggering bill, he was a janitor for a big restaurant/market food provider, Sysco?, he worked his arse off to pay that bill, picked up overtime, worked odd jobs, always in a good mood, always a smile on his face, it took him years but he did it, died shortly after it was paid in full
Posted on 9/30/19 at 2:23 pm to GetCocky11
This was a story last week.
Guy got hit with a $650,000.00 medical bill.
LINK
I'd laugh and ignore it for as long as I can because the fact that they are charging me that much (especially if its a $650,000 bill) would be funny they actually expect someone to pay it.
Think about what you can buy with $650k. The fact they expect a middle class person to pay for that is so pathetic it is funny.
There was a story linked to that story about how a study was done with hospitals in Dallas, Tx. There was some procedure that at one hospital cost $650.. They went to another hospital.. Same procedure. over $8000.
I am all for companies making as much as possible, but as long as the customer knows exactly what they are purchasing and how much they are buying it for. Its not like a hospital has a menu.
You don't know anything about the cost until they send you a bill.
Guy got hit with a $650,000.00 medical bill.
LINK
I'd laugh and ignore it for as long as I can because the fact that they are charging me that much (especially if its a $650,000 bill) would be funny they actually expect someone to pay it.
Think about what you can buy with $650k. The fact they expect a middle class person to pay for that is so pathetic it is funny.
There was a story linked to that story about how a study was done with hospitals in Dallas, Tx. There was some procedure that at one hospital cost $650.. They went to another hospital.. Same procedure. over $8000.
I am all for companies making as much as possible, but as long as the customer knows exactly what they are purchasing and how much they are buying it for. Its not like a hospital has a menu.
You don't know anything about the cost until they send you a bill.
Posted on 9/30/19 at 2:32 pm to Volvagia
quote:
What the hell are they getting for their insurance?
Obamacare
Posted on 9/30/19 at 2:34 pm to GetCocky11
No out of pocket max?!?
Posted on 9/30/19 at 2:57 pm to OweO
quote:
You don't know anything about the cost until they send you a bill.
That’s because people are ignorant and don’t ask.
Under HIPAA law, they are required to quote you BEFORE the treatment and BEFORE you sign on the dotted line.
Don’t be so naive
Page 4 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News