For some debtors,bankruptcy had become an acceptable tool of credit management based on the number of declared bankruptcies in 2005.

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The number of declared bankruptcies in 2005, which was notably high, indicates that for some debtors, bankruptcy had indeed become an acceptable tool of credit management. This trend reflects a shift in how bankruptcy is perceived and utilized in financial strategies.

For Some Debtors,bankruptcy Had Become an Acceptable Tool of Credit