Paying Medical Bills with New Debts

Wasson and ThornhillPre-Bankruptcy Planning

paying for medical bills

Photo by Bermix Studio on Unsplash. You could pay your medical bills through many forms of borrowing—from putting them on a credit card to a home equity loan. What makes sense? About one-fourth (26%) of American adults (18-64 years old) reported that they or someone in their household had problems paying medical bills during the previous year. This is according … Read More

Challenged Co-Signed Debt

Wasson and ThornhillBankruptcy Advice

If you have a co-signed debt, your discharge of that debt may be challenged by either the cosigner or the underlying creditor.   Last week we discussed obligations on co-signed debts, both to the joint creditor and to your co-signer. In that discussion we assumed that both those obligations could be discharged (written off) in bankruptcy. But what if the … Read More

The Power of the Co-Debtor Stay

Wasson and ThornhillChapter 13

If protecting your co-debtor from having to pay your debt is a high priority, Chapter 13 has a remarkable tool for doing that.