Old Medical Bills

by Joe
(Wisconsin)

I was injured and am now on disability. It is my only income. I own my home free and clear mortgage all paid off.

But the medical bills have been turned over to a collection agency and are pressing to collect.

Being disabled and disability is my only income what is protected like the money and how about my home and belongings?

Comments for Old Medical Bills

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Jul 25, 2012
Old Medical Bills
by: Debtcollectionanswers

So sorry about your situation, Joe. I know you must be under a lot of stress.

If you are receiving federal disability payments, that income cannot be taken from you by creditors or collectors. Also, according to my information, $75,000 of the value of your home is protected (or exempt) and a total of $12,000 in personal belongings is protected. Those belongings include furniture, clothing, household goods, jewelry, appliances, books, and so on.

Given your situation, I recommend that you schedule a FREE initial evaluation with a bankruptcy attorney. Filing for bankruptcy would wipe out your medical debt. However, it's essential that your finances be evaluated by a bankruptcy attorney; that you find out the pros and cons of filing; that you are clear about what you should and should not do before filing; and that an attorney handle all of the bankruptcy paperwork if you decide to file because bankruptcy can be a complicated process. I also recommend that you read this bankruptcy exemptions.

Good luck!

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