Individuals, small mom-and-pop shops, corporations, and even cities file for bankruptcy. It becomes an answer to circumvent complete ruin, but is it really the answer? This essential guide presents readers with a sequence of essays that debate subtopics of bankruptcy. Is it wrong to file for bankruptcy? How should different types of debt be dealt with in bankruptcy? What are issues facing cities that declare bankruptcy? When are government bailouts preferable to bankruptcy? These four questions are answered by sources such as James Kwak, Sarah Kliff, Joe Fulwiler, and Ariana Eunjung Cha.