A trustee will be appointed to oversee the bankrupt’s financial affairs;
An investigation will be implemented to check for improper transfer or disposition of property. An investigation can go back over the previous 5 years.
Any Passport must be handed over to the Trustee;
Income will be scrutinized by the Trustee and if earnings exceed certain thresholds then [...]

Firstly, take the blinkers off.
Bankruptcy is not just about YOU. Bankruptcy is about the community at large and it effects everyone in or near your circle and far beyond it.
History
In Anglo-Saxon times persons who did not pay their debts were beheaded.
The Greeks took the whole family as slaves.
In medieval times bankrupts were thrown in prison [...]