Filing for Bankruptcy?

Question

My fiance and I had set our wedding date. (6 months from now.) However, he had been hospitalized recently and has been diagnosed with a life threatening disease. His insurance coverage was very minimal and we have medical bills well into the hundred thousands. We would like to move up the wedding date because we want our life together to start now. However, he does not want me to incur the medical bill debt. I work at a very,very, small private school and make just enough to cover rent. No more, no extra. If we get married and I incur the debt, would we be able to claim bankruptcy as a couple? The disease is disabling, he more than likely won't be able to work. I have no assests other than a 14 year old car that is probably only worth $200 for the scrap metal. Any advice would be appreciated. IS there anyone I could call that could advise for free?

Answer 1

Depending on where you live, you may not have to incur the debt at all, it's not a given that you marry the debt as well as the man.
I second the above answerer who asked why he doesn't file alone, so at least one of you won't be suffering from the consequences of the bk. on your credit report.
If anything, I would think about putting off the wedding, at least until he files for social services or if need be, chapter 7 bankruptcy.
If you do not have any debt I strongly urge you not to file jointly with him. He should handle it first. You'll be there helping him every step of the way, and you'll be in a better position to do so if you do NOT file.
Good Luck.

Answer 2

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RE :Filing for Bankruptcy?
My fiance and I had set our wedding date. (6 months from now.) However, he had been hospitalized recently and has been diagnosed with a life threatening disease. His insurance coverage was very minimal and we have medical bills well into the hundred thousands. We would like to move up the wedding date because we want our life together to start now. However, he does not want me to incur the medical bill debt. I work at a very,very, small private school and make just enough to cover rent. No more, no extra. If we get married and I incur the debt, would we be able to claim bankruptcy as a couple? The disease is disabling, he more than likely won't be able to work. I have no assests other than a 14 year old car that is probably only worth $200 for the scrap metal. Any advice would be appreciated. IS there anyone I could call that could advise for free?
Follow 7 answers

Answer 3

Yes you could file chapte 7, but I would do it right after you got married so that if you did get any assests they wouldn't take them from you. You can also speak with an attorny for free and they will give you all the answers you need. One last thing I don't know what state you live in but in california we can go to the welfare office and file for emergancy medical and with that they look at your income, what your insurance has paid and your assests and then they determin what you can afford to pay and they pick up the rest. Now since you aren't married yet if your boyfriend went down and did it (you can get all the papers for him and help him fill them out) right now they would only look at his assest and income when determinning how much you can afford to pay. The medical would continue if he is still ill and seeing doctors. It could be a good thing and you pay for it already out of your taxes everybody does so don't be embarrased or anything just go do it. My husband sliced his two fingers almost off and had to have 3 hours of reconstructive surgery and physical theropy on his hand and Medical picked up all but like $400 of it. Then we set up payments with the hospital for the rest. Good luck to you.

Answer 4

I don't know the answer either, but if you are on that bankruptcy, it will follow you for 7 years. You will be able to reestablish credit, but interest rates for cars (sounds like you might need one in the near future) will probably be very high. Even with a bankruptcy, you may have to pay those medical bills back. Bankruptcy attorneys will usually give you a free consultation.

Answer 5

it sounds like you both are going to end up sleeping under a bridge anyway, so why bother with chapter 7, creditors wont be able to find you!

on a serious note.. if he has all the debt, then why doesn't he file chapter 7 on his own?

Answer 6

properly, to respond to your initial question of even if you need to report financial disaster or no longer is somewhat as a lot as you finally. i does no longer suggestion it in case your debt is below 10K as commonly a consolidation ought to get you out of the hollow on that situation and also you need to rebuild your credit. the subsequent situation because the guidelines have replaced, do you qualify depending on the earnings guidelines on your relatives? possibilities are intense, evidently you do, yet then i do not recognize what you're making or what percentage are on your relatives. Secondly, it is gonna fee you a grip to report now as what develop into $three hundred-$500 to do countless years in the past will actual fee you $1500 or better. Plus you'll even ought to seek credit counseling previously you flow ahead in the technique. As on your reference concerning the 7 yrs., it is not any longer unavoidably computerized as they bypass on the terrific date of pastime on the account. it really is how the lenders get you and characteristic the skill to enlarge that 7 yrs. to an eternity. Now, you could continually dispute any themes you've on your credit record, so do not be afraid to finish that. they ought to deliver you an address and get in touch with variety of the creditor interior of a life like era of time or the credit bureau has to eliminate it out of your credit record. a lot of human beings do not recognize this, even if it is how such countless everyone appears to be like waiting to have some issues got rid of, because they fail to analyze the records right now. this may properly be sturdy for you if it really is the case or you need to properly be stuck with some issues on the record. i wish this helped. sturdy success!

Answer 7

I'm no professional,(please contact one for REAL advice) but I think he is right to be concerned as he is, and he is willing to sacrifice for you - that seems to show he really loves you. Keep researching, my heart is with you guys!.

Answer 8

let him get better and then file as unable to pay. sorry

Answer 9

Filing for Bankruptcy?

T.R.Y
T.H.I.S.
S.I.T.E
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F.I.N.D
T.H.E
B.E.S.T
S.O.L.U.T.I.O.N
F.O.R
Y.O.U