Biglaw bros -- how to avoid getting axed and then hit with $1M medical bill?
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Date: November 25th, 2015 5:34 PM Author: Bull headed address philosopher-king
if in texas
1. buy 1M house
2. get hit with 1M medical bill
3. declare bk
4. house exempt from bk under homestead exemption
5. finish bk proceedings
6. sell 1M house
(http://www.autoadmit.com/thread.php?thread_id=3054091&forum_id=2#29252619) |
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Date: November 25th, 2015 5:37 PM Author: Bull headed address philosopher-king
depends on if your house purchase looks like it's done to avoid bk, but if it doesn't look like that, then here's how bk happens
1. declare
2. nigga calculates your assets
3. home equity doesn't count as asset (exempt)
4. bk proceeds
The asset calculation doesn't go retroactive to before you incurred a cost, but if it looks like you made the purchase to avoid paying creditors then the court will buttfuck you IIRC
(http://www.autoadmit.com/thread.php?thread_id=3054091&forum_id=2#29252641) |
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Date: November 25th, 2015 5:58 PM Author: galvanic mental disorder mood
if in texas
1. have them drive you to mexican hospital
2. pay $15,000 for heart surgery that's as good as you'd get in a texas hospital.
3. recover and drive back home.
if you get something like cancer, fly to a world class hospital in singapore, india, or thailand and do a full chemotherapy regimen for $15,000 including accommodation.
or, you know, buy insurance.
(http://www.autoadmit.com/thread.php?thread_id=3054091&forum_id=2#29252717) |
Date: November 27th, 2015 4:49 PM Author: aromatic rigpig
ljl thanks to ur hated nigga obama u can go on medicaid if ur UE with no income... or just buy a policy on the exchange with tax credits
(http://www.autoadmit.com/thread.php?thread_id=3054091&forum_id=2#29262487)
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