I'd like to applaud this post for 2 reasons: 1 - It's good insight, nice information to pass along. 2 - It's the first post I've ever seen by Anny Road without a spelling mistake.
The bankruptcy thing is irrelevant here anyway - in the States, up until this year at least, it's almost been PROFITABLE in some cases to claim bankruptcy. It was a broken system that was taken advantage of all the time.