[quote=Troubled Loner]flu, they (husband and wife) are mid-50’s. Their equity estimate is actually higher, I believe $300,000 is accurate.
Russell, they both have medical conditions, cannot get medical insurance. They have depleted their IRA’s and pensions down to nothing, they can no longer pay the medical bills, and they are considering bankruptcy, but really don’t want to (they don’t feel it is right ethically). If they were able to pay off the $75,000 of medical bills, they would probably be OK (the monthly payments are quite high).[/quote]
That’s what I am getting at Troubled Loaner, they can’t get insurance where poor people have free medical. Maybe they could pay it off assuming those “disproportionate costs”. That is admirable, but what about future problems with health? They are at high risk for going down the tubes when there have been more irresponsible and physically healthy people, with hidden assets or from families of some means, getting bailouts.
