I make these comments in love and hope.
Ye shall know them by their fruits (Mt. 7:16).
We can learn what God wants us to do, how he wants us to live, by reading the Bible; we can see it’s truth demonstrated around us, and use that for a learning tool for ourselves.
The Bible teaches that we should not spend more than we make and that we should not live beyond our means, financing our purchases by borrowing. If we take teaching to heart, and truly follow it (and it is a hard teaching to abide by), there’s no way, mathematically, that we can go bankrupt.
And that is not some finer point of theology. It’s very basic Christian thinking that can often be a hard pill to swallow, even for Christians.
Contrary to the teaching of some, all money and wealth is not bad or something to be avoided. In fact, we are commanded by God to provide for our families. There is no Biblical prohibition of acquiring quality wordly goods, which may be costly to purchase, but are well worth the price. But the moment we start having LIABILITIES and DEBT, we are straying from the straight and narrow path. If one truly IS WEALTHY and CAN AFFORD what one is buying, there would logically be NO NEED TO BORROW, one could pay cash. And then there will be NO BANKRUPTCY.
The book of Proverbs, of course, is infinitely valuable as a guide in the practical side of life.
Proverbs is full of advice on money and materials. It teaches how to properly AQUIRE it. It teaches how to spend it and invest it. It warns against slothfulness and laziness. It teaches diligence and patience. It warns against foolishness and folly and exhorts seeking and living by wisdom.
Proverbs 31 talks of a woman, who gets up early, takes care of her family and servants, works hard around the house, sells her wares in the market AND THEN considers a field (wisdom) and buys it. The Bible says THIS is a noble woman.