Claim you have nothing, own nothing, owe nothing.
When questioned, claim you're a victim of circumstance.
Example: "I was a successful entrepreneur, but the government stole my identity and forced me to declare bankruptcy."
Read on for more advanced techniques.Claim you're a slave to your significant other's spending habits.
Example: "My spouse is a professional shopaholic and I was forced to declare bankruptcy to save our family from their addiction."
Discover how to negotiate a better settlement with your spouse/lover.Claim you're a visionary who invested in a revolutionary new idea that just didn't pan out... yet.
Example: "I was on the cusp of creating a new cryptocurrency that would've changed the world, but the system is just too slow."
Learn how to spin your failures as successes.Claim you're just temporarily experiencing a cash flow problem.
Example: "I'm just experiencing a minor setback, I'll be right back on my feet in no time."
Find out how to convincingly fake a comeback.