Ah, now this is something I don't know about, because we don't have "personal bankruptcy" here.
A company can go bankrupt, but not an individual, unless he had a company and was liable to it by his name (this is why we usually create S.A's (société anonyme, a company not liable to the name(s) of (an) individual(s)).
And, while credit cards and debt problems DO exist on an individual level, there is no possibility to escape those responsibilities.
Thus, with this thought, I seems to start to understand the "grant" in the wording.
Although this "blessing" seems to be a two-edged sword.
It might grant the relief from debts you never would be able to get rid of, at the cost of course of your credibility and credit-worthyness, but it also, in my mind, incites certain ruthless people to start all over again - making debts with the thought in the back of their mind that they could in the end get "granted" bankruptcy again and just continue living over their means at the expense of others.
To me it's not fair, neither to the one who had to get there (why is another question, maybe the cafeteria symbol offers us insight here) - because he loses part of his identity, nor to those who have to give up their claims for their dues.
It is not fair because it creates a situation where those who work hard to keep a balance in their financial situations have to pay for those who couldn't. They might decide that they are stupid in doing so and if they succumb to the temptation, create further imbalance, creating an avalanch.
The man has mixed feelings - telling us he has a conscience though.
He's glad his overpowering liabilities are taken from his shoulders, he is bothered and worried about what happens next, but maybe he also starts to think about the fairness of this business. And maybe he is pondering how to manage better next time!
There is hope for him still, and the symbol might tell us we escaped a disaster with relatively few losses and that we get a second chance to do better...