Amazon.de Widgets During the last century, any person who is unable to repay his debts was jailed. When in the debtor’s jail the bankrupt person had no hopes or opportunity to repay his debts, unless he was fortunate to have a family member clear it. It was a dead end, but in today’s world, debt management could be done by debt counseling. Debt consolidation could be an avenue for clearing debts if used wisely.What is bankruptcy? It is a process by which a debtor clears his debts with the help