http://www.bankruptcy-help-resources.com/should-there-be-a-law-concerning-credit-related-lawsuits/ Quick Answers to Bankruptcy Questions & Understand How Bankruptcy Laws Affect You Fri, 30 Jul 2010 18:25:51 +0000 http://wordpress.org/?v=2.5.1 http://www.bankruptcy-help-resources.com/should-there-be-a-law-concerning-credit-related-lawsuits/#comment-192 jstanton1616 Sun, 05 Jul 2009 03:48:50 +0000 http://www.bankruptcy-help-resources.com/should-there-be-a-law-concerning-credit-related-lawsuits/#comment-192 Although we may like to think better of our society, credit card companies wield a tremendous amount of lobbying power. However, can you imagine knowing that you will be exonerated from your credit obligations; what would be the incentive to pay. The government has a difficulty time in screwing with the constitutionally protected freedom to contract, so by virtue of such they will not willingly excuse the debtor for breaching that obligation. Although we may like to think better of our society, credit card companies wield a tremendous amount of lobbying power. However, can you imagine knowing that you will be exonerated from your credit obligations; what would be the incentive to pay. The government has a difficulty time in screwing with the constitutionally protected freedom to contract, so by virtue of such they will not willingly excuse the debtor for breaching that obligation.

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