Have you ever filed for bankruptcy?

[Good-Person]

Many businesses went bankrupt during the covid-19 period. This is because this was the period when the business world faced a huge setback at that time. This is one of the most important things, as filing for bankruptcy could be a very important decision. So, have you ever filed for bankruptcy?

 

[glitch]

I have not but I know a number people who have. I have done everything I could to avoid it because I personally know someone who had to do it twice, my parents. They are going through the process again because everything got too expensive for their budget. Thanks to the horrific economy.

 

[Nomad]

Even though I have encountered losses in my previous businesses, I never filed for bankruptcy. In our country, there is no provision for filing bankruptcy, no matter what you are supposed to pay the debt even if i means to sell your private property to clearn the debt..