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What Are My Options to Get Out of 100,000+ in Medical and Credit Debt? – Patrick

My father is permanently disabled and, for this reason, has been unable to work for over 25 years now. My mother has been working and supporting the family for the 25 years that my father has been unable to work. In the beginning of this year, however, both of my parents went into screening for cancer among other serious medical problems and, even though everything was caught in time to cause any terminal or serious issues, as a result of all of the testing and procedures they were forced to run up over $35,000 in medical bills. Because of their health situation the medical bills took priority over the other credit bills we have been keeping up with up until recently, and so we have fallen into debt with the creditors and are now over $100,000 in debt between the medical and credit bills.

Since we are so far in debt we are receiving phone calls from creditors on a daily basis, several times per day asking for payments, on top of the fact that we are so far in debt that we are having trouble putting food on the table and paying for other necessities. It is getting progressively worse as the economy is not allowing my brother and I to get jobs (I had a temporary job to help with some of the daily needs, but was recently laid off), and being a fulltime student is making it even harder for me to find a job around my school hours.

If there is anything that can be done to help make our current situation any easier we would greatly appreciate any advice anyone can give us. Hopefully things start to look up for us shortly, otherwise we will be forced to move out of our two-bedroom rented apartment and into our motor home (which is not a feasible option for five adults).

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Thank you very much!

Patrick




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Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.





About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

2 Comments

  • Hello Patrick,

    The best advice I can give you based on the limited information above is to meet with a bankruptcy attorney right away. Given the state of your income, there is no way to float that kind of debt or feasibly pay it off. Right now your focus is clearly on surviving. So the debts will not take priority at this point. I would meet with a bankruptcy attorney and discuss your options. Likely the decision you will be making will not be if you should file BK but when. If you have other substantial medical procedures coming up with your parents, you may want to hold off a few months. But either way, meet with 1 or 2 attorneys now.

    Here is an article Steve put together on how to find a good BK attorney

    https://getoutofdebt.org/14021/

    https://getoutofdebt.org/Damon-

  • Hello Patrick,

    The best advice I can give you based on the limited information above is to meet with a bankruptcy attorney right away. Given the state of your income, there is no way to float that kind of debt or feasibly pay it off. Right now your focus is clearly on surviving. So the debts will not take priority at this point. I would meet with a bankruptcy attorney and discuss your options. Likely the decision you will be making will not be if you should file BK but when. If you have other substantial medical procedures coming up with your parents, you may want to hold off a few months. But either way, meet with 1 or 2 attorneys now.

    Here is an article Steve put together on how to find a good BK attorney

    https://stever39.sg-host.com/14021/how-to-find-a-good-bankruptcy-lawyer-or-bankruptcy-attorneys

    https://stever39.sg-host.com/Damon-Day

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