Help!!!! We are considering doing a large fundraiser for a terminally ill friend. My friend has extensive debt and has recently lost her insurance and forced on to Medicaid. If the community does a fundraiser to set up an account for general living expenses and uncovered medical expenses and she has to file bankruptcy on previous debt will the funds raised be vulnerable to creditors?
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Help!!!! We are considering doing a large fundraiser for a terminally ill friend. My friend has extensive debt and has recently lost her insurance and forced on to Medicaid. If the community does a fundraiser to set up an account for general living expenses and uncovered medical expenses and she has to file bankruptcy on previous debt will the funds raised be vulnerable to creditors?[/QUOTE] -
You need to see an attorney about this to set up a proper trust that can protect the funds from her BK.Comment
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