spouse medical bills


C

cancer sucks

Lost employment and family medical insurance 2 weeks ago. Wife diagnosed
with breast cancer last week. Already 2 surgeries with radiation for 6 weeks
to follow. I expect the medical fills to be close to $100,000. in the end
and I don't see (at least now) how we will be able to repay. At this point
in time we are living on small savings that with prescription drug costs may
last 3-4 months. Enough of the sad situation.

Is a 401K protected or will I be required to cash out (lose) this retirement
account to the hospital bills in the event of eventual bankruptcy? In
Indiana.

any tips?

TIA
 
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B

Brett Weiss

Your 401(k) is protected under the new bankruptcy law. I hope all goes well
for your wife.

--
Brett Weiss
(e-mail address removed)
www.brettweiss.com

Maryland, DC and Federal bars
Member, National Association of Consumer Bankruptcy Attorneys

--> Read our Bankruptcy FAQ at www.brettweiss.com/faq/br_faq.htm

Justice consists not in being neutral between right and wrong, but in
finding out the right and upholding it, wherever found, against the
wrong. —Theodore Roosevelt

Required disclosure and notice: We are a federally-designated debt relief
agent, proudly helping people file for relief under the Bankruptcy Code
since 1983. Pursuant to 11 USC §§ 342 and 527, we are required to provide
certain notices, which may be found at www.brettweiss.com/faq/br_faq.htm.

*****************************************************************
The Small Print: This response is for discussion purposes only.
It isn't meant to be legal advice and you shouldn't treat it as
such. If you want legal advice, speak with a local lawyer
familiar with your state's laws who can review *all* of the
facts and the law applicable to your situation.
*****************************************************************
 
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S

someone_else

Are you in the U.S.? If so, can't you use COBRA to cover your wife's
future medical bills? HBee.
 

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