Can I lose my home due to unpaid medical bills?
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Can I lose my home due to unpaid medical bills?
I am 60 years old and am moving out of state. I will pay cash for home, so there will be no mortgage. Should I become ill and need emergency hospitalization, could I be forced to sell my house if I cannot pay the medical bills; I do not have medical insurance? My annual salary is $12,000; the market value of the house is $85,000.
Asked on September 5, 2012 under Bankruptcy Law, Oregon
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If you incur huge medical bills which you are unable to pay, you could be sued by the medical provider(s). If that happens and there is a judgment against you, you can file bankruptcy. There are exemptions you would include in your bankruptcy to protect your home and other assets from creditors' claims.
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