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Yeah, nofnway, I took an Applied Economics course in high school that did a good job of scaring the shit out of me regarding credit cards, loans, and other such adult things. I agree that it is a course that should be taught to try and ensure people are smarter with their money and avoid unnecessary debt.
The problem, though, as I stated early, is that the vast majority of bankruptcy cases are UNavoidable debt. Half of all families declaring bankruptcy do so because of unavoidable and unpredictable medical expenses, such as a bad car accident or a family member being diagnosed with cancer. Most of the other 50% of cases are people who work hard, play by the rules, and are hit nonetheless with job loss or business failure. Life is unpredictable, and can include some hard blows. Bankruptcy was one way to help people deal with those obstacles. While some cases consist of irresponsible adults who made poor money decisions, the vast majority of cases involve regular, honest folk who suffered some terrible luck. We shouldn't be punishing them.
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