It is not uncommon for people to file for bankruptcy because they cannot return the borrowed money. Even in the event of bankruptcy, you are allowed to own a certain range of property. Bankruptcy sets a certain allocation for the debt to be returned to the lender. It has to be repaid. In some cases, the property acquired by the bankruptcy person after the bankruptcy proceedings is subject to compulsory enforcement and may have to be repaid. There is also an exemption system for bankruptcy, which is allowed for decent debtors. With regard to debt liability, if you are granted, you can waive what you were responsible for before you were sentenced to bankruptcy. However, there are some exceptions such as taxes and fines. Qualifications that have become unusable due to bankruptcy are no longer restricted by the exemption. The bankruptcy proceedings system is a way to save people who are stuck due to a large amount of debt such as cashing. However, you should think of bankruptcy as a trump card when things go wrong, and do everything you can until then. As a method of debt consolidation, there is also a specific arbitration law system of summary courts. If you are unable to repay, you should seek what you can do without going through bankruptcy proceedings immediately.