Filing bankruptcy

**pitweiler** · 11-03-2015, 05:18 AM

A little back story first. A little over a year ago I got in a motorcycle accident. Of course it happened a couple months before my insurance kicked in at my job. It was a really bad accident so I have hundreds of thousands in bills. From a 14 hour back surgery. Half of a dozen ambulance rides. Hospital stays. Rehab hospital. Etc.

Before the accident I was trying to improve my credit so I can buy a house. But now with all of these bills piled up it looks like I'm gonna have to file bankruptcy. A couple people have told me that I can buy a house before I do file it and it won't effect me owning the house because there's no equity for them to make money. So I started talking to a realtor and mortgage specialist. From them pulling my credit report, some of the medical bills have already started to show up. Not much considering. About 8k.

I'm tempted to pay the 8k and get a house before the rest hits and then file but I'm worried that it's going to keep piling up before I can get it paid off. My question is do you think I should just start the inevitable and file. Fix my credit again and try again in a couple years ( they say you can buy a house within two years after) or try and pay what's on my credit report off before everything else hits and buy a house?

I don't know anything about this. I'm going to talk to a bankruptcy lawyer but I'm just curious on what you would do if you were in my situation

**lovbyts** · 11-03-2015, 06:33 AM

File. They will show up quickly even if you have not gotten the bill yet.

Sorry to hear about all that, sucks... What really sucks is this is the sort of thing Obamacare promised would not happen and would solve but of course has done nothing of the sort.

You may have to put the house buying on hold for a few years but it's better than spending a lot of money only to have it all lost trying to do what is right. I'm sure if you think you may be able to come up with another plan to make it all work out financially.

Best of luck

**Splifton** · 11-03-2015, 09:10 AM

Have you had any form of identity fraud that you can prove beyond a reasonable doubt? If so then you can file a police report and once processed you'll have the ability to directly contact Experian, Equifax etc. to dispute anything on your credit report. I was a victim a few years ago and had to go through and actively pick and choose all sorts of credit inquiries that I believed were fraudulent. In the mists of it all I accidentally blocked a few of my student loans from appearing on my record. Yet, I explained to the agent at TransUnion what occurred and she told me to not worry about it and people do it all the time.

Since then I've successfully blocked any negative inquiry on my credit report. What I was told is that it's a one way call for the creditors who submit the inquiries. They simply submit the documentation detailing the negative credit instance and that's that. They never get a response saying it was accepted nor denied. Occasionally it will pop up, but I'll just fax the dispute paperwork and it's gone in a few days. It comes in handy especially when I go car shopping. I gave a dealership permission to run my credit score once, but later on when I got home to check my credit score it showed they had requested my score 17 times! It was 5 points per inquiry dropping my score 85 points in one day.

I've never had issues removing anything from my credit score. Only problem I've encountered is that Equifax will refuse to remove the most redundant inquiries, but thankfully most businesses use TransUnion or Experian.

**Hazard** · 11-03-2015, 10:11 AM

If you are making payments to the hospital, even very small payments, they can't submit anything to collections. Will it still show up if not in collections? The payments can be at at $5 a month......

**NACH3** · 11-03-2015, 11:10 AM

Originally Posted by Hazard

If you are making payments to the hospital, even very small payments, they can't submit anything to collections. Will it still show up if not in collections? The payments can be at at $5 a month......

^^ this - if your making any type of effort they can't legally do anything negative... They can ask for more $$ but you just tell em you can't and that you still owe hundreds of thousands of dollars - I did the same thing when I got in my accident and vet 1mil in hospital bills(il pay for life - wel hoping not to - but I've not been bothered

**lovbyts** · 11-03-2015, 11:20 AM

Originally Posted by Hazard

If you are making payments to the hospital, even very small payments, they can't submit anything to collections. Will it still show up if not in collections? The payments can be at at $5 a month......

I didn't know this. Good to know.

**Hazard** · 11-03-2015, 01:02 PM

Originally Posted by lovbyts

I didn't know this. Good to know.

This is another reason I was against obamacare. People were going crazy over bills and shit when we already had options out there. A hospital LEGALLY has to treat you if you are Ill. You file for charity care and a large portion of it is eaten. Hospitals (non religious) get grants from their states to help with this and other things. Now let's just say you didn't get charity care..... You can pay $5/month for life and end up only paying 0.5% of what u owe them..... They can't do shit about it because you are making the effort.

Now all the dumbass people (sheep) in this country vote a big government moron in and you pay more money every month as is REQUIRED by law. Get this though...... THEY STILL HAVE HOSPITAL BILLS! The people really screwed the pooch on this one lol. Only the people with pre-existing conditions are sitting back laughing

**pitweiler** · 11-03-2015, 05:29 PM

Originally Posted by NACH3

^^ this - if your making any type of effort they can't legally do anything negative... They can ask for more $$ but you just tell em you can't and that you still owe hundreds of thousands of dollars - I did the same thing when I got in my accident and vet 1mil in hospital bills(il pay for life - wel hoping not to - but I've not been bothered

How much or little are you paying if you don't mind me asking. I was paying $20 to the ones that went into collections. Before they went in they called me (about 5 different companies which are all in collections now) saying I needed to pay more money. I said that I couldn't with all of my personal bills to survive and bills from the accident. It was a battle back and forth. All wanting me to pay a couple hundred a month. I said that I couldn't. They stopped sending me bills and eventually went into collections. I was paying $200 to My pain management doc and they got a new agency for the billing or whatever and they tried demanding me to pay $450 a month. I said there isn't any way that I could do that if I wanted to and just stopped paying because they wouldn't settle for the $200 that I was preciously paying. I haven't heard from them since (beginning of summer) but I'm sure i will eventually.

I called up a lawyer today and he put me in contact with someone that does this all the time. He said for me not to talk to them so they can't twist my words if it ever goes to court. I'll be meeting up with him this week. Hopefully this guy can make things better

**rdmercer** · 12-06-2015, 12:38 AM

the myth about Filing bankruptcy, everyone says that it will ruin your credit. it won't after you file you are concered a excelent credit risk why? because you can't file for another seven years.