Nobody wants to be declared as bankrupts, that’s for sure but in my opinion, it would be wise if we get to know more about bankruptcy so that we can use the knowledge to save and protect our financial livelihoods. Believe me, getting to know bankruptcy taught me a lot of things. The best thing that I have learned so far is that bankruptcy is not as bad as it sounds. Get to know it better and one day you will see that it is no more than a debt consolidation effort!
So, please do not be scared of bankruptcy. Get to know it before you are being declared one! :-)