Look at the costs of trying to implement debtors’ prisons and taking debts with no agreed collateral. Many have completely honest cases (no money or assets beyond exemptions) but are laying in wait with activist lawyers for attempts at persecution (illnesses, disabilities, widows, children, etc.).
How can public $ervant$ and their mo$t $upporting, government-linked con$tituent$ be so vain as to continue cruising so swiftly toward default? Are they simply inclined toward being founts of money to the folks they attack?
That’s much like a loan in a sense, isn’t it. The political/regulator folks get a thrill out of torturing and robbing someone only to pay many times more to the victim later on, one way or another. Are the robber-socialists knowingly going through that process, or are they only culpable?
;-D
I don't doubt that there are a few honest cases of hardship, but opening that Pandora's box paves the way for unbridled abuse, and you and I know it too well. If leniency is extended to one party, it will be demanded across the board.
I know that in a sane society, such reasonable exceptions could be feasible, but we are in a politically correct era, where that no longer works.