Contracts are promises. If you took on debt through your miscalculation of an ability to pay it off, you can still find some job—or some second job—to pay off your debt over time.
If you so totally screw up that that is not possible, we have bankruptcy. But someone with honor will do anything—including taking on a third job—to pay creditors, rather than hose them in court.
Honor? Second job, third? The economy is bad and a sound job today can be outsourced tomorrow. Sure you can make some money just let us all know what corner you’re on. It’s not easy to get a job that’s the problem and the wages are going down.
What are you taking?