Bankruptcy could never be described as fashionable but it does come in and go out of favour as a recovery tool. From those who would never make someone bankrupt out of principal through to the other end of the spectrum where a small number make people bankrupt because of the principal!. All that said the current levelling of the playing field by defining clearly to both sides the rules of engagement when it comes to problem debts and where comfort is given that the customer has been treated fairly throughout  may when all else fails,  give Creditors a clear conscious to proceed with the ultimate action, especially for those that fall into the category of asset rich but cash poor. Certainly in Ascent it is never a ‘go to’ strategy but it is there if needed to be called upon.