Bankruptcy Because of Illness

Bankruptcy Because of Illness

Bankruptcy Because of Illness

Bankruptcy Because of Illness

Jack and Mary Thompson were each graduates of Bible colleges. They each took a teaching position with the same Christian school in the South after they graduated from college. They met while on staff there, fell in love, and got married.

Jack and Mary both came from Christian homes, but were from very different economic backgrounds. Mary's father was a successful dentist, and although he was not wealthy by any means, he made a very comfortable living. Mary was not indulged as a child, and she was expected to work to help pay her way from the teenage years on. Her college tuition was provided by her parents, but she was required to work summers to earn money for her books, clothes, and incidentals, which she did.

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Jack came from a much more modest background. His mother and father were divorced when he was nine years old. His mother struggled financially after the divorce, and money was always in short supply in his home. He received a scholarship from his denomination to attend college, and worked long hours to pay his expenses while he was there.

Jack and Mary had been married two years when they had their first child. The school they worked for paid low salaries, and they had been unable to accumulate any significant savings. But they did have what seemed to be an adequate insurance plan, so they thought they would be all right financially. The baby would be born during their summer break, so Mary would be able to work right up to the time of the birth.

There were two things that they hadn't planned on. One was that Jack's salary alone was too low to meet their minimum needs, regardless of how much they scrimped. And two, that the baby would have major health problems. He was born with spina bifida and required constant attention. The initial hospital bill was more than $20,000, with their deductible portion being almost $8,000.

Within six months of the baby's birth they were in debt for nearly $12,000 and sinking further behind every month. When they attempted to pay any portion of the doctor or hospital bills, they fell behind on payments for their monthly living expenses. If they tried to keep up on their living expenses, they fell behind on their medical bills.

By the seventh month some of the accounts had been turned over to collection agencies, and Mary was getting frequent, often rude, calls at home. She was an emotional wreck, and her pediatrician--who was a friend from their church--suggested that Jack consider filing bankruptcy to relieve some of the financial pressure.

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