To Bankruptcy and Back: My Story (from Smartmoneydaily.com)
To Bankruptcy and Back: My Story ran May 11, 2007 on the website www.smartmoneydaily.com. It tells a relatively positive story of someone who filed for bankruptcy after taking some risks in getting his business going and has survived to re-build his credt and his life.
A good example of one of the purposes of the bankruptcy system in any society: to encourage people to take the kinds of risks that lead to innovation and growth. As the author notes, not everyone succeeds when they take a risk.
