Although several countries have bankruptcy laws of one variety or another, most are designed to assist businesses in financial trouble. The United States is unique in that it is one of very few that have a bankruptcy system designed to assist the consumer debtor. Additionally, this protection afforded by bankruptcy is enshrined in our Constitution.
The federal government enacted the Bankruptcy Law, as provided for in the US Constitution, to protect and aid persons and businesses who find themselves trapped in a situation in which they can not survive without help.
So remember, that along with your right to Free Speech and Freedom of Religion, you are also guaranteed the Right to Independence from Debt !