> Don't worry, the bankruptcy system will catch up and find a way to make medical debts non-discharge-able just like it did for student debts.
Inheritable, too, what with all the old people dying with medical debts their whole estate can't cover.
(The way it works now is this: When someone dies, their estate is responsible for paying their debts. Once their estate is gone, however, that's it. The creditors can try to convince the heirs to pay the debts, but they have no legal leverage to force them to. Lying about having such leverage is apparently fair game, however.)
This is why I simply will never inherit my parents estate when they die, I don't want to risk inheriting their debts no matter what I'm told. My mother inherited her fathers estate with all of her brothers and sisters only to find out that because Grandpa had a huge expensive operation that the estate actually owed money. Luckily she was able to somehow get her name off of the inheritance after the fact.
You can't. Once the estate's gone, the creditors can pound sand because the person they contracted with is gone and all their assets are gone, too. They can't come after anyone else.
> Luckily she was able to somehow get her name off of the inheritance after the fact.
I seriously doubt this is possible even in theory.
> their estate is responsible for paying their debts.
so why couldn't they just transfer all assets from their estate prior to dying? meaning, if you were about to die, there is never any need to pay down any debt, despite having the assets to cover it - it is better to give it away to charity or children/relatives imho.
Inheritable, too, what with all the old people dying with medical debts their whole estate can't cover.
(The way it works now is this: When someone dies, their estate is responsible for paying their debts. Once their estate is gone, however, that's it. The creditors can try to convince the heirs to pay the debts, but they have no legal leverage to force them to. Lying about having such leverage is apparently fair game, however.)