Jesus showed them the finger - I suggest Wannabes heavily in debt do the same.
He was crucified as well, so perhaps not the best analogy. Other peoples supposed recklessness, is neither a template nor an excuse for your own. I would venture that anybody who thinks it is, displays a level of responsibility and maturity that falls well short of that often sought out in prospective pilots.
Clearly there are people who find themselves in this situation, and where bankruptcy is unavoidable, for many of them there may be no choice or it is the lesser of two evils. Bankruptcy may be a way forward, but the suggestion that it has no future repercussions is naive and erroneous. A bankruptcy may be discharged, but that is a very different concept from the one where it no longer has to be declared if the question is asked, or that anyone would have to disregard it in deciding on an individuals risk status.