Oo! And another thing...
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| Bankruptcy is not about morality, or else there would be no exemptions at all. I write on what the law is (lege lata) not on what it ought to be (lege ferenda). If you don't like the law don't shoot the messenger, write to your MP, Congressperson, National Assemblyperson, etc.<snip> | |
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The point (to my simply mind) is that
it does become a moral issue when people use it as a way to avoid repaying debts and avoiding their responsibilities.
This appears to be an increasing fashion as people pay less and less heed to personal reputations and the value of someone's standing. What I'm trying to say is that the stigma of bankruptcy is now much less than it used to be, so people care less about it. Indeed when you've paid your accountant and lawyer to hide away several mill in assets for a *ahem* rainy retirement day, being bankrupt is not such a big deal.