Money is imaginary. Health is health. Sacrificing your health and your life in order to hedge against a completely hypothetical situation is not a dignified existence.
Bankruptcy is of course much preferable to not having your health. Even having to argue this is bizarre. We are not human batteries in the Matrix. Our purpose is not to please institutions or destroy our own lives for fear of hypothetical situations.
Don't you understand that you only have one life and one body. That's it. You have 70 or 80 years with one body and one mind. That is the only thing which matters.
