The purpose of bankruptcy laws, as the Supreme Court famously wrote in 1934, is to give “the honest but unfortunate debtor (…) a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt.” http://blogs.wsj.com/bankruptcy/2015/05/12/the-examiners-universities-sweet-student-loan-deal-must-end/
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