Bankruptcy is like a second chance that can help rebuild all your finances. But it is not the only way to get relief from your debts. Therefore, you need to have a few reasons to declare bankruptcy.
Moreover, many people consider bankruptcy a scar. However, it is more like a scab, it may look bad for some time but fades away with attention and care.
Bankruptcy doesn’t punish you. Instead, it helps you recharge and start all over again.