Firstly, take the blinkers off.

Bankruptcy is not just about YOU. Bankruptcy is about the community at large and it effects everyone in or near your circle and far beyond it.

History

In Anglo-Saxon times persons who did not pay their debts were beheaded.

The Greeks took the whole family as slaves.

In medieval times bankrupts were thrown in prison and left to rot until either family or friends paid the debts in full.

Debtor’s prisons abounded in Europe until late in the 18^th century and were only abolished in Australia in 1836.

Bailiff’s took everything including the baby’s bath water!!