Bankruptcy is as American as apple pie. Our constitution gives the federal government the power to enact uniform bankruptcy law which is the law we now file bankruptcyn well at least its successor.
Robert Morris one of our founding fathers who helped finance the American Revolution apparently got a lot of debt discharged in a bankruptcy. I like to think of bankruptcy as a patriotic American thing to file bankruptcy. You are just exercising your constitutional right to use the laws that Congress has provided to orderly dispose of your debts.
