Question

aBankruptcy: Moral, Amoral, or Immoral?

Is it unethical to avoid paying one’s debts by going into bankruptcy? Does a person have a moral responsibility to pay his or her debts? Discuss.

Answer 1

Yes, we can say that declaring bankruptcy in order to avoid paying one’s debt is not just wrong but unethical as well. Not being able to pay one’s debt should not be considered unethical unless the party has it in their heart not to pay the best back. Especially if a business has regained back its value or finances, it is their moral obligation to pay their dues, even in case of bankruptcy, the concept of morality applies and therefore, it should be considered to have to pay the dues by the people and not just forgetting about it because the debts have been released by the government.

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