spouse medical bills

[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

 

[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

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*****************************************************************
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.
*****************************************************************

 

[someone_else]

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