DNA Brands Inc (DNAX)

[Ed the Trader]

"It seems like an admission of guilt. The last thing I would want to do is file bankruptcy, it ruins your life."

I don't know where you got your information. You need to go do some research.

Filing for bankruptcy is one of the standard responses to being named as defendent in any legal action. Bankruptcy protects many of one's personal assets from seizure as the result of a court's judgement.

Bankruptcy does not ruin one's life. It shields assets and allows some to get a fresh start, It will interfere with acquiring credit for some period of time but if you still have your home and other stuff, who cares?