Assuming nobody else is at fault

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79 points
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ER patches you up, you get a large bill, you declare bankruptcy, life goes on.

The question you should ask is, what happens if you have no insurance and you develop a serious chronic illness.

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10 points

How does “life go on” with a bankruptcy and health issues?

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28 points

The point of a bankruptcy is to move on. You start off at zero again, but you can start building up assets again.

As far as the health issues go, because of the bankruptcy and the ACA you probably qualify for medical care under one of the programs.

Yeah, you get fucked over pretty good. Life goes on because you’re not dead. But everything you had, everything you worked for, is gone. You are left literally with life, not with your life.

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4 points

For all its faults the ability for an individual to declare bankruptcy sounds like a rather good thing in the US and something we don’t have in Finland. Granted we don’t have that level of healthcare bills either but if you somehow get youself millions into debt here it sticks with you your whole life.

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7 points

My parents went bankrupt like 4 times and it never seemed to make any difference to them. They’d just move on with life and have new credit debt racked up within a few months.

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6 points

For some, it can be an unbearable long and leasurely spin around the drains perimeter.

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