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FIB - Scams 101 - Ye Olde Archives
Posted By: Rooster <rooster_89@hotmail.com> In Response To: Daily Dose of Tim - Bankruptcy Issues (The Tim)
Tuesday, 8 March 2005, at 10:14 a.m.
Identify with this because that is exactly what happened to us!...First myself and then my wife became seriously ill...Neither of us was able to work...The stress of it all caused my wife to have a heart attack in 1999...She had to have triple bypass surgery...We now "exist" solely on Social Security...
"It assumes that everyone is in bankruptcy for the same reason - too
> much unnecessary spending," said Harvard economist Elizabeth Warren.
> "A family driven to bankruptcy by the increased costs of caring for
> an elderly parent with Alzheimer's disease is treated the same as someone
> who maxed out his credit cards at a casino. A person who had a heart
> attack is treated the same as someone who had a spending spree at the
> shopping mall."...
Where is anything "FAIR" in all this?...
Watch out folks, this could happen to any one of you...
Rooster
While we're busy watching Terry, our congressmen are rewriting the law
> concerning bankruptcy. Since many here have obviously had some experience
> in that arena (and it is a definite BUSINESS concern), I thought it might
> be good for some of you to check in on some of the proposed changes:
> A Bankrupt Law: No Provisions for Illness - Medical bills cause
> bankruptcy, yet the bill would limit the rights of families to declare -
> even as the result of an illness.
> ---------
> (NOTE FROM TIM - HALF OF BANKRUPTCY in USA is from MEDICAL BILLS and
> that's even COUNTING THE FOLKS WITH INSURANCE !!)
> ----------
> From The Argus Leader:
> "It assumes that everyone is in bankruptcy for the same reason - too
> much unnecessary spending," said Harvard economist Elizabeth Warren.
> "A family driven to bankruptcy by the increased costs of caring for
> an elderly parent with Alzheimer's disease is treated the same as someone
> who maxed out his credit cards at a casino. A person who had a heart
> attack is treated the same as someone who had a spending spree at the
> shopping mall."
> A recent Harvard University study found that medical bills, not credit
> card bills, are the most common reason people file for bankruptcy
> protection. More than half the people surveyed cited a major family
> illness or injury as the reason they went into debt. Job loss was the
> second most common reason.
> A law that would penalize families for medical bills they have no control
> over is simply morally bankrupt.
> http://www.americacoalition.org/
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