7 years is nothing compared to the damage persistent medical debt can be. No not 10k, but people who get 75k from uninsured surgery and can't pay it off. Bankruptcy doesn't mean you can't buy stuff at all it just hurts it by 150~ points. With decent credit prior you'd still be around 600. If you have bad credit bankruptcy can actually increase your credit score.

Bankruptcy is a consumer benefit, not a penalty. If you can't pay your bills it's much better to go bankrupt than to go deeper and deeper in debt.

Yeah, how long will it take to pay off medical debt? Use your head.

If someone has tens of thousands in medical debt biting the bullet and taking the credit hit will give them significant financial freedom no longer needing to worry about the debt. Bad credit isn't the end of the world when the alternative is drowning in debt. If you can't pay your bills you end up with bad credit anyway lol.

Have you looked into bankruptcy? My friend is a banker who approves loans so his entire job is to look at credit reports and he said the hit to credit from bankruptcy isn't terribly harsh and only lasts a few years. The hit is around 200 to the score if it was decent but if your credit is already bad it can actually increase it.

If paying off your debt is unfeasible it might be better to just walk around with worse credit for a little while.

Edit: The majority of peoples experience with bankruptcy is limited to a game over in Monopoly. If you have extensive medical debt put some real time and effort into researching it. Bankruptcy is a consumer benefit, not a punishment.

I think it came down to

1. WW2 bombers were notoriously inaccurate, it required hundreds of bombers to take out one factory.

2. Factories of the time period were relatively simple, and could be rebuilt or just moved somewhere else.

1938 to 1945 -> Percent of 1938 GDP in 1945. Basically in 1938 they were at 100% so the following numbers represent the loss or gain by 1945.

US -> 184%

UK -> 116%

France -> 54%

Italy -> 65%

USSR -> 95% *hit 76% at the height of Barbarossa in 1942

Germany -> 88%

Japan -> 85%

Austria -> 50%

I can't find data for Romania, Hungary, Poland, China etc. Most data comes from at best 1950 so that probably says something for how bad things got.

Source

Not as bad as it sounds. That GDP loss isn't from cities being leveled it's from people fleeing the country / the front lines. After the war ends a lot of those people will return and the GDP will bounce back. Factories can be rebuilt, raw resources are still in the ground etc. Add in the likely western marshal plan to rebuild and Ukraine could come back stronger than ever.

So... I would have to drive even further? What are you talking about. Not everyone lives in Hartford.

I-84 is the only reason I can get to civilization in a reasonable amount of time. Without it my average commute would triple.