Which is probably the most ridiculous thing ever. Bankruptcy should treat all debtors equally, and we should treat personal bankruptcy similar to corporate bankruptcy. Instead of creating classes of debt that survive a bankruptcy by default, how about we just include them all into the debt restructuring process? Figure out what the person can and can’t pay and make a plan based on that? It just feels exploitative to make some debts exempt from having to do that.
At least medical debt can be discharged through bankruptcy. You can’t even escape from student loans by going bankrupt.
Which is probably the most ridiculous thing ever. Bankruptcy should treat all debtors equally, and we should treat personal bankruptcy similar to corporate bankruptcy. Instead of creating classes of debt that survive a bankruptcy by default, how about we just include them all into the debt restructuring process? Figure out what the person can and can’t pay and make a plan based on that? It just feels exploitative to make some debts exempt from having to do that.