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.
Exactly. And I don't buy this it's all due to medical bills excuse. Are there really that many people out there on their death beds mired in medical expense debt? I just don't believe it.