Thought it is as last resort bankruptcy allows a consumer to

Though it is seen as a last resort, bankruptcy allows a consumer to temporarily stop paying debts. When you declared bankruptcy, you are allowed not to pay any form of tax and debts (after all your assets are checked of course) and will continue until you find a way to sustain yourself, either from a new job or a new business.

Yes, bankruptcy is seen as a last resort. However, consumers also receive credit in an emergency situation. Moreover, the consumer will not temporarily quit paying their debts. 

Let me know if you need anything further. :)

                   - Dotz