If you heard that someone recently filed for bankruptcy an old friend or coworker maybe. That information may instinctively be changing your opinion of them, questioning how responsible this person could possibly be. Bankruptcy has the massive stigma of a big life failure because of our popular understanding of the word. Bankruptcy, unlike how it's portrayed in TV and the movies, is not at all as bleak or hopeless as they make it seem. For every case of schadenfreaude we experience, there's a family down on it's luck finally seeing the light on the otherside.
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