It's not only the Canadians or the American adapted lifestyle chosen to have more liabilities than assets then they choke over their unpaid debt that kept them from tackling new opportunities as a way out of that mess they voluntary created.
I think yiu should have studied these individuals behavior and way of thinking as to predict their attitudes before they fuck their lives up.
And then you'll be the fortune 🔮 fairy not The bankruptcy goblin
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The failure to teach proper money management leaves many at the mercy of the marketing of those who sell financial services. That marketing promotes spending and using credit to extend the spending because it gives profit to the financial services.
The number of people who look on their bank as some benevolent friend who helps them out is astounding. There was more than a few looks of shock when I'd tell them, you are a profit center. When you are no longer profitable, they are not giving you one more penny. They are not your friend.
Banks cultivate that belief, it lulls the uninformed into buying into whatever they are selling.
Calling the mess voluntary suggest that the people had the knowledge and understanding to know what they were doing. You are sadly mistaken on that assumption.
There were some of my clients who would repeat the same mistakes making the next round voluntary as they had been provided with the tools to know better. The vast majority would see it for the second chance it was and build back smarter.