We take our religious piety pretty seriously around here, so when a client expresses dismay over the ethical dilemmas that bankruptcy invites, we listen carefully. The last thing we want to do is shrug off the spiritual components of our clients’ financial decisions. Bankruptcy, at its heart, is about broken financial promises, and even a small child know that we ought not to break our promises. Of course it’s more complicated than this. How could it not be, when bankruptcy firms across the country are staffed with virtuous men and women who teach their children to keep their promises and then come to work and help people file bankruptcy cases all day? I have my own cache of answers to the question of how bankruptcy can be ethical, but thought I would share, instead, an article by David Skeel, a respected bankruptcy professor, scholar, and (most importantly for our purposes) an elder at Tenth Presbyterian Church in Philadelphia. This article originally appeared in Christianity Today.