>People in that situation rarely have assets that can be seized, so a bankruptcy is meaningless. Until they want to purchase a home, purchase a car, pass a cre

>People in that situation rarely have assets that can be seized, so a bankruptcy is meaningless. Until they want to purchase a home, purchase a car, pass a credit check to get a job, get a credit card, get a loan, start a business, or get a cell phone. remember that a bankruptcy stays on your credit report for 7 years. I would say having a job and a home are far from 'meaningless'