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The Truth About Bankruptcy

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About Video : Bankruptcy Attorney Jamie Ryke of the Second Start Bankruptcy Law Firm talks about the Truth about Bankruptcy. Find out how we can help you get out of debt and get a fresh start by filing either a chapter 7 or chapter 13 bankruptcy. Duration : [ 1 mins 37 secs ] Video submitted by : lakemen lakemen's total Posts : 44 lakemen's Video Collection Add to my videos

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Shazzers Moderator

Joined: 05 Dec 2007
Posts: 4622

Debtcc Points: 28914

Posted: Wed Apr 09, 2008 7:20 am

Bankruptcy is not always the solution when it comes to medical expenses! What happens after the fact? If a person has a catostraphic illness the bills will only pile up again after the bankruptcy! Then what? There has to be another way of dealing with illness related expenses!

ladybug

Joined: 29 May 2007
Posts: 2759

Debtcc Points: 24754

Posted: Mon Jun 09, 2008 8:58 pm

I agree with you shazzers but unfortunately in this day and age there really isn't any other way than to do a bankruptcy if the creditors are refusing to work with you. I think a better idea of settling medical debts is to make the creditors reduce those bills and make it easier for people to pay them and not discharge them completely, kind of like a 13 on medical debts.