In this instance maybe, but here in the UK (I don’t know about the US) declaring bankruptcy is a good solution in personal terms, but has all sorts of employment and business implications.
Small firms for instance - if a director declares bankruptcy, they are barred from acting as a director for 3 years.
Whole thing is pertinent as the UK insurance model looks to the US model for “profit ideas”. Recently my insurance tried to tell me a back condition I have is “chronic”, a lot of people would just say “ok it’s chronic, whatever that means” - what it means is they won’t pay for treatment any more.
I jumped down their throats, and because it only “flares up” occasionally, it’s not “chronic”, so they will treat it. The oily bean-counters have driven this clever strategy where it’s very hard to prove something isn’t “chronic” once it’s tagged as such in the system - you would have to have medical testimony etc.
So they lie in wait. You get physio for something, and they tag it. You get physio a year later, and it’s warming up to be “chronic” in their little world. Another session, and it’s chronic. The medics eventually determine you need an intervention / operation and kaboom, the answer’s no - it’s chronic.
