I think everyone agrees repaying money you borrow is the moral and right thing to do, but pragmatically bankruptcy acts as a governor on lending. In every other

I think everyone agrees repaying money you borrow is the moral and right thing to do, but pragmatically bankruptcy acts as a governor on lending. In every other industry (including someone lending money for you to buy a tow truck) they need to weigh the possibility that you will never pay them back.