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Chapter 7 Bankruptcy

What to Do When COBRA Health Plan Isn't Enough

Dear Debt Adviser, I owe about $16,000 in medical bills thanks to inadequate coverage. I currently have COBRA health insurance from my former employer, and I also receive Social Security Disability Insurance. It wasn't enough to cover a recent medical problem. The hospital was paid the equivalent of what would be a Medicare charge, and it's now trying to collect the difference from me. Up until this time, my credit was perfect. I kept a low debt balance, owned only one credit card and had no other loans. What can I do? I have called and written to the hospitals, contacted my insurance advocacy group and still cannot get the debt reduced or written off. -DianaDear Diana, When you receive medical services at a hospital or other medical provider, you are entering into an agreement to pay for the services rendered. Unfortunately, many providers don't accept insurance payments as full and final payment for services. Instead, they charge according to their own fee schedules rather than what ...

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  1. Can't Pay Off Home Equity Loan -- File Bankruptcy ?

    Dear Bankruptcy Adviser,My parents are in their 80s. My mom and dad took out separate equity loans. My dad's was for $100,000 and he is currently paying it off. My m...

  2. Solar company Suntech takes step towards final wind-down

    China's Suntech Power Holdings Co Ltd , once the world's largest maker of solar panels, filed for provisional liquidation, signaling that it may go out of business a...

  3. Suntech to challenge involuntary bankruptcy petition

    Suntech Power Holdings Co Ltd said it intended to challenge a petition for involuntary bankruptcy filed against it in the United States by some bondholders.A group o...

  4. Kept Home After Bankruptcy , Can I Refi?

    Dear Bankruptcy Adviser, I filed bankruptcy in 2008, and at that time requested to reaffirm my home loan. I have been paying my loan on time for four years, not real...

  5. Bankruptcy's Credit Damage Worse than Debt Settlement's

    Dear Let's Talk Credit,I was out of work for a few years and my credit cards went unpaid. I am to the point now where they sent me a compromise to pay less. I only o...

  6. The Good News About Career Wipeouts

    Show me a great entrepreneur or business leader, and I'll show you someone who has experienced disaster. It comes with the territory.

  7. Fiancee Leaves Ex with Big Pre-Wedding Debts

    Dear Opening Credits, My girlfriend Joyce and I were supposed to get married November 23, 2014. Instead, she left me for her native country of Taiwan and all I have ...

  8. File Bankruptcy to Stall Foreclosure?

    Dear Bankruptcy Adviser,I am in the foreclosure process to the point that a sale date has been set. We then filed Chapter 7 bankruptcy and it canceled the sale. My q...

  9. Housing help: Bob Massi answers your emails

    Best approaches for property legalities

  10. Two U.S. traders plead guilty in Venezuelan bank bribery case

    Two former employees of a New York broker-dealer pleaded guilty on Thursday to conspiring to pay kickbacks to Venezuelan state banking officials, as U.S. prosecutors...

  11. New FHA rules help those hit by recession

    Real estate guru Bob Massi weighs in

  12. How Safe is My Home in Chapter 7 Bankruptcy ?

    Dear Bankruptcy Adviser, If I file Chapter 7 bankruptcy, can my attorney or someone else sell my home in the future to pay off debt? I'm confused about the security ...

  1. Can I Use My Credit Card After Bankruptcy ?

    Dear Opening Credits,Is it true that you have to wait three months after bankruptcy to charge on a credit card again?  -Duane Dear Duane,Three months? Nah. Assuming ...

  2. The Lingering Record of Your Foreclosure

    Dear Dr. Don,I co-signed my brother's second mortgage in 2006. The property was foreclosed on in 2009, but the second mortgage appears on my credit report as being a...

  3. When is it Time to 'Cut Off' Your Financially Dependent Parents?

    If you're a parent, you may be used to helping out your kids financially. But what if the tables turn and your mom or dad starts coming to you for money? How much sh...

  4. 10 Dumb Debt Decisions in 2014

    Congress may be unfathomable on a good day. But, financial silliness isn't limited to them. We who elect and re-elect the best and brightest from our states are not ...

  5. Medical Bankruptcies are Still a Problem, Here's What to Expect

    The Affordable Care Act may give more people access to health insurance, but experts don't expect it to help solve a major problem in this country: medical bankruptc...

  6. Psst! A Hot Tip on Debt Elimination Companies: They're Bogus

    Dear Opening Credits,Last night I was at the airport and overheard a conversation. The man behind me at the bar was telling the girl at the other table that he hired...

  7. Can I Walk Away From Home in Bankruptcy ?

    Dear Bankruptcy Adviser, I am currently three years into a Chapter 13 bankruptcy. As far as I know, my home is included in the bankruptcy. I make my mortgage payment...

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