this post was submitted on 26 Dec 2023
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you do realize that bankruptcy does have consequences, right? for one, it's nearly impossible to find a new place to live if you've ever declared bankruptcy. If you work in certain sectors, you can lose your job. if you're a government worker, you'd lose your security clearance or probably even a public trust. If you lose your job, new companies that might hire you would likely do a credit check for some reason and find you unqualified because of that bankruptcy.
So it's double-triple bad to have debt? Then manage the finances, assess the risks, cut unrealistic expectations that will toss you into the debt spiral, because it's triple-bad. Who is to blame?