Is filing bankruptcy unethical, immoral or dishonest?

No! This is probably the most common question asked when speaking with people about whether or not they should file a Bankruptcy. My response is always the same, if it were wrong to file a Bankruptcy then our Federal Government wouldn’t allow it. My personal opinion is that bankruptcy is a vital part of capitalism and a free society. If we were not allowed to take risk, fail, start over and then take another risk America wouldn’t be America.