> Defaulting isn't a big deal even to the banks. True, but the ceiling on the amount that can be loaned to a person is limited by the market-driven interest ra

> Defaulting isn't a big deal even to the banks. True, but the ceiling on the amount that can be loaned to a person is limited by the market-driven interest rate for packages of dischargeable debt. > not dischargable, but with better terms or interest rates Yes, I think we'd see aggressive refinancing offers and all sorts of other semi-dark patterns... which would be irrelevant to the 98% who don't declare bankruptcy, but likely quite life-changing to those who do.