Bankruptcy protections are well founded as it gives citizens with insurmountable debt a legal way to resolve debts & continue on to be productive citizens.This freedom is a protection against human rights abuses that occurred for debtors in the past-- slavery, servitude & debtor's prison. Bk protections are a critical freedom to encourage entrepreneurship, risk taking & creativity. No other federal loan guarantees in the US enjoy bk exemptions. Farm, FEMA, SBA Loans & all other gov’t loans enjoy exemptions from bk discharge. Congress passed legislation that made delinquent student loan debt highly lucrative thru penalties, fees & increased interest rates & gave the industry draconian collection tools to recover this increased debt.Sallie Mae is extremely profitable from this legislation



