Insofar as bankruptcy itself was meant to be an "escape hatch" to avoid designing forgiveness into every element of the system, adding any situation where bankruptcy is impossible seems like it destroys the purpose of having bankruptcy exist in the first place.
I mean, I get the real problem: just-graduated students have no assets, but a lot of debt, so they have no disincentive from declaring bankruptcy. Hard to come up with a solution to that, since—if the just-graduated student had assets—they'd just be able to pay the debt with them.
I mean, I get the real problem: just-graduated students have no assets, but a lot of debt, so they have no disincentive from declaring bankruptcy. Hard to come up with a solution to that, since—if the just-graduated student had assets—they'd just be able to pay the debt with them.