How Should We View Bankruptcy?

If someone files for bankruptcy and is no longer legally responsible for his debt, does he still have a moral obligation to repay his creditors? Does Scripture address this issue, perhaps in conjunction with the year of jubilee, or is there no connection? May people or organizations file multiple times? Does the church do anything about seeing to their making restitution when possible? The reader asks about bankruptcy. I will not address the legal ramifications of bankruptcy because I do not...