The payment of debts is necessary for social order. The non-payment is quite equally necessary for social order. For centuries humanity has oscillated, serenely unaware, between these two contradictory necessities.
Bankruptcy is a sacred state, a condition beyond conditions, as theologians might say, and attempts to investigate it are necessarily obscene, like spiritualism. One knows only that he has passed into it and lives beyond us, in a condition not ours.
One day Donald Trump will discover that he is owned by Lutheran Brotherhood and must re negotiate his debt load with a committee of silent Norwegians who don't understand why anyone would pay more than $120.00 for a suit.
Small debts are like small gun shot; they are rattling around us on all sides and one can scarcely escape being wounded. Large debts are like canons, they produce a loud noise, but are of little danger.