A Surgery Shatters Retirement Plans and Leads to Bankruptcy

They took everything we had.Sherrie Foy Sherrie Foy, 63, Moneta, Virginia Approximate Medical Debt: $850,000 Medical Issue: Colon surgery What Happened: Sherrie and Michael Foy thought they’d made all the right preparations when they moved to rural southwestern Virginia after Michael retired from Consolidated Edison, New York’s largest utility.   Sherrie Foy loved horses and had started to rescue unwanted animals. The couple had diligently saved. And they had retiree health insurance through Con Edison. “We were never rich,” Sherrie said. “But we had what we wanted.” Then in 2016, Sherrie, who had lived for years with...

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