Will I be detained if I don't pay?

Debts owed to a bank are civil proceedings and are not usually wanted unless you are involved in criminal activity such as fraud, embezzlement, or forgery.

Can I still get insurance if my credit goes bad?

Insurance policies with cash value (including endowment life insurance) held by the bankrupt must be terminated and the cash value or dividends applied to repay the debt. A bankrupt person will not be able to purchase new insurance…