[hispanichoosier]

I think that the stigma of bankruptcy has also pretty much dissolved. When you hear that--for example--that Donald Trump's companies have declared bankruptcy a few times, you start to wonder what's so bad about the process, given that the guy has his own TV show.

[wouldntbprudent]

Oh, yeah, this is one of the big engines of bankruptcy: NO STIGMA.

In fact, I was surfing a little on this subject and quickly looked at the wiki entry. One interesting comment: the negative impact on an individual's credit of bankruptcy is "very overblown" because the individual's credit at the time of bankruptcy is already ruined.

One of the most disturbing things about bankruptcy, except in the truly legitimate cases, is what it says about keeping one's word. Those who abuse bankruptcy are just stealing.

[azhenfud]

When airlines or other prominent businesses can file every other year with no apparent affect except screwing the shareholder and employees, who would think bankruptcies have negative connotations?