No debt, especially debt specifically marketed to young people, should be exempt from bankruptcy. Bankruptcy is an important check against predatory lending, and the exemption from bankruptcy laws is a formula for slavery. As stated by George Bernard Shaw, "debt is modern man's substitute for whips and chains."
No debt, especially debt specifically marketed to young people, should be exempt from bankruptcy. Bankruptcy is an important check against predatory lending, and the exemption from bankruptcy laws is a formula for slavery. As stated by George Bernard Shaw, "debt is modern man's substitute for whips and chains."