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H.R. 5138: | Medical Bankruptcy Fairness Act of 2008 | 110th Congress 2007-2008 |
To amend title 11 of the United States Code to provide protection for medical debt homeowners, to restore bankruptcy protections for individuals experiencing economic distress as caregivers to ill or disabled family members, and to exempt from means testing debtors whose financial problems were caused by serious medical problems. OverviewSponsor: | | Text: | Summary
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Full Text | Status: |  | Introduced | Jan 28, 2008 | | Referred to Committee | View Committee Assignments |  | Reported by Committee | (did not occur) | | House Vote | (did not occur) | | Senate Vote | (did not occur) | | Signed by President | (did not occur) |
This bill never became law.
This bill was proposed in a previous session of Congress. Sessions
of Congress last two years, and at the end of each session all
proposed bills and resolutions that haven't passed are cleared from the books.
Members often reintroduce bills that did not come up for debate
under a new number in the next session.
| Last Action: | Feb 4, 2008:
Referred to the Subcommittee on Commercial and Administrative Law. | Related: | See the Related Legislation page for other bills related to this one and a list of subject terms
that have been applied to this bill.
Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned. |
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Question & Answer 
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Jul 29, 2008 1:42 PM - Will this bill relieve all medical debt? How will it affect my credit? -
Read AnswersAnswered by a visitor on Sep 13, 2008 5:04 PM -
The bill would do two things: (1) bypass the means-test for qualifying "medically-distressed" debtors and (2) carve out a $250,000 exemption for the same. Credit: This would be a chapter 7 filing, so it would impact your credit just the same as any other filing. Relieve medical debt: a petition would relieve ("discharge") all medical debt, just like any other chapter 7 peition. The new twist is that up to $250,000 in real and personal property would be exempt. This is such a huge amount that in pratice 99% of all people would be relieved from their debt without losing any assets... Answered by a visitor on Apr 28, 2009 2:32 PM -
Does tgis mean my $200,000 home and both of our cars worth less than $50,000 as well as our life savings of $50,000. would be untouched as well as our small socialsecurity check? |
Because the U.S. Congress posts most legislative information online one legislative day after events occur, GovTrack is usually one legislative day behind. For more information about where this data comes from, see
About GovTrack.us. H.R. 5138--110th Congress: Medical Bankruptcy Fairness Act of 2008.
(2008).
In GovTrack.us (database of federal legislation).
Retrieved Feb 10, 2010, from
http://www.govtrack.us/congress/bill.xpd?bill=h110-5138
"H.R. 5138--110th Congress: Medical Bankruptcy Fairness Act of 2008."
GovTrack.us (database of federal legislation).
2008.
Feb 10, 2010
<http://www.govtrack.us/congress/bill.xpd?bill=h110-5138>
{{cite web
|url=http://www.govtrack.us/congress/bill.xpd?bill=h110-5138
|title=H.R. 5138
|accessdate=Feb 10, 2010
|author=110th Congress (2008)
|date=Jan 28, 2008
|work=Legislation
|publisher=GovTrack.us
|quote=Medical Bankruptcy Fairness Act of 2008
}} | | | |
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