If society put its morals in front of its face they would abolish bankruptcy and let people drown in debt. Society doesn't because those writing the rules like

If society put its morals in front of its face they would abolish bankruptcy and let people drown in debt. Society doesn't because those writing the rules like having bankruptcy protection. But at the same time, the electorate dictating laws is also way past college age, but also wants their kids to be guaranteed to go to school (and if student loans weren't protected there would be dramatically less money for kids to go into lifelong debt with). If they are in debt for the rest of their lives... thats their problem, but I'll be damned if my kids are not going to college!