Subject to the requirements of the Bankruptcy Code, in the event the Tenant is adjudicated as bankrupt, (or makes an assignment for the benefit of creditors), this Lease, at the option of the Landlord, shall terminate upon 30 days written notice and the Dwelling Unit shall be surrendered to the Landlord, who reserves the right to repossess the Dwelling Unit subject to the applicable provisions of law.Should I follow the steps on the contract?

Having worked in commercial real estate for nearly 20 years, and knowing many people that have been at it for 30+ years:1) no one ever goes bankrupt with no debt2) Most everyone I know in their mid-50s or older, that have built large portfolios (with debt, admittedly), seem to move from acquisition mode to debt pay down mode.

No one ever asked or advised me on this and it almost made me bankrupt.

The government of Puerto Rico is bankrupt and has no money to invest in any of that.Finally, as one famous successful investor (I forgot the name) once said, tax incentives are great but you don't invest in anything just because of tax incentives; the investment has to be worth it without the tax incentive.

I used Design Appruv on my first ADU and they have since gone bankrupt and stole everyone's money :/...so don't use them, but do look up their Yelp reviews if you want a good chuckle.My buddy CJ just left ADU Geeks and is starting his own company - I think for quite a significant discount. 

also i've mentioned in that Ashcroft thread, that some of the bridge-loan lenders have intentionally created conditions where they approve the loan so they can bankrupt the GP/LP syndication for cheaper assets to acquire.

Probably that they got off light with some small procedural changes and a reasonable fine they can pay with cash on hand, compared to going bankrupt.

If you go bankrupt, you get to keep your 401k--which also means people can't sue you for what's inside of them.

In addition, bankruptcy stops all creditors from proceeding against the bankrupt. 

The fact's are the USA is bankrupt.