[Grae]

I don't understand why this is being downvoted. Bankruptcy is a tool to encourage efficient risk-taking and solving otherwise tricky collective action problems for creditors.

There's an unfortunate stigma about bankruptcy in the U.S. which leads to _far_ fewer people/businesses filing bankruptcy than should be.

No one is better off limping along under unsustainable debt, not businesses and not individuals. We need to get rid of this stigma and let people use the tools we put in place to solve these problems.