Just the word "bankruptcy" sends such a negative message to many people that they cannot face up to their personal and financial responsibility. For years, they will live in misery trying to manage financial obligations that are simply beyond their means. The myth of bankruptcy is that people greedily spend thousands more than they can ever hope to repay, and with a cynical glee, seek the protection of the courts to the dismay of their creditors. The reality of bankruptcy is that most people want to and try to repay debts. Bankruptcy results far more often because of events not in our control: loss of a job, health problems, disability, divorce, lawsuits, tax problems and more. The courts have created and administered a fair, reasonable system whereby honest people can find relief from unexpected and unwanted financial burdens.
