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Old 11-06-2005, 12:44 PM  
the Shemp
congrats to the winners
 
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Join Date: Nov 2001
Location: Echo Beach
Posts: 10,891
Quote:
Originally Posted by Franck
Not trying to be an ass here but what exactly does that mean...what happens next? You stuff gets sold?
i havent worked in the US for some time, but i do remember that they had "medical bankrupcies" there... They have new backrupcy laws in effect now, so i dont know if that still applies...

a lot of americans dont have medical insurance or have inadequate insurance for major illnesses.

bankruptcy means you are unable to pay back your debts and you would be subject to having most of your assets seized and sold, plus you may have to pay a % of earnings to the bankruptcy court for dispersal...
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