Not if it gets you out of debt. You might be able to run from creditors for a while, but eventually the stress of that overwhelms people. Bankruptcy lets you stop running and start fresh. It may take a few years for you to get loans and obtain credit again, but at least you’ll have that opportunity. Bankruptcy is meant to give people who made financial mistakes, or suffered financial upheaval, a second chance. In today’s turbulent economy, that is a good thing.