Don't many debts already have a statute of limitations? IIRC, the statute of limitations on credit card debt can be as short as three years depending on the sta

Don't many debts already have a statute of limitations? IIRC, the statute of limitations on credit card debt can be as short as three years depending on the state. I know that's not exactly the same as debt forgiveness but after seven years, the debt even falls off one's credit report, making it essentially worthless to the debt owner. Obviously things like student loans aren't so easily dismissed but there does seem to be a disjointed system of debt forgiveness already for certain types of debt.