Washington Post offers up a slice of life in the current economy.
Bankruptcy is not the best alternative, but is a pressure release valve that helps normalize inequities in the marketplace.
Bankruptcy would be unnecessary if everyone operated with the same information and financial upheavals, like medical issues and job loss were somehow normalized.
In our current economy, with its heavy emphasis on "free markets" there will be ups and downs that occur because of informational disadvantages in the vast majority of the populace and unpredictable life-changing events. That's the price we pay for our "free markets."
Bankruptcy evolved the soften out the extremes of our system.
No one likes bankruptcy, but it's a necessary feature of our type of economy.
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