Bankruptcy is generally misunderstood by most people and is not something that they want to contemplate.
However, Bankruptcy is the only choice for some situations and it needs to be put into perspective.
If you are overburdened with personal and Credit card debt, causing problems in your life, affecting your health, disrupting your family or business relationships then you need to make a decision.
In Australia we have caring and understanding laws. It is recognized that people may get themselves into a position where their debts have become impossible to manage. In these instances the relief that Bankruptcy provides can be enormous.
Bankruptcy is not criminal. Bankruptcy is not dishonest. Many hardworking people who are as honest and genuine as you will ever meet have had to go Bankrupt, mostly due to unforeseen circumstances.