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  1. Debt Collectors: Re: Personal Injury Claims and Bankruptcy

    Ask a more realistic question and I will give a better answer.

    If a person was permanently unemployed with $5M in the bank, a bank would never loan him an unsecured $5M. If they did they would use...
  2. Debt Collectors: Re: Personal Injury Claims and Bankruptcy

    I am glad you mentioned the word "logically," because that is the standpoint I am coming from. I do not know the law but as I said before, laws usually make sense to me. However, if a person was...
  3. Debt Collectors: Re: Personal Injury Claims and Bankruptcy

    It is, and I have several examples to give you. I just hope you listen with an open mind.

    I'm just busy today and can't lay it out now.
  4. Debt Collectors: Re: Personal Injury Claims and Bankruptcy

    No, you don't understand. I'll try again later.
  5. Debt Collectors: Re: Personal Injury Claims and Bankruptcy

    This conversation has fallen wildly off the tracks. No matter how many times I write something, it is disregarded and ignored. It's like you are having a conversation with yourself.

    TM, you are...
  6. Debt Collectors: Re: Personal Injury Claims and Bankruptcy

    Thank you for the thorough explanation. Laws like this usually make sense to me after they are explained. This one will too once I wrap my head around it.

    Personal injury awards may be a large...
  7. Debt Collectors: Re: Personal Injury Claims and Bankruptcy

    Lawyers have specialties. I have to ask: Is this subject your specialty, or, do you have actual professional experience with this exact matter? Because this seems very odd what you're saying.

    I...
  8. Debt Collectors: Re: Personal Injury Claims and Bankruptcy

    But it is not income. It is basically trading a body part for cash. Your arm suddenly becomes a lump of cash.

    If a person required $100K/yr of medical treatment to keep his arm alive, could...
  9. Debt Collectors: Can Personal Injury Money be Reached by Creditors for Your Debts

    As we all saw in the OJ Simpson case, a pension (and possibly a 401K) is untouchable.

    When a person trades his injury for a $1M, that money sitting in an acct is essentially his right arm in the...
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