Life is fine when the money if flown in and out of pocket without any disturbance. However, if any issues occur in paying the money to the owner there results the bankruptcy. Debt settlement would be a great hassle for the person who has no money as his liabilities are all evaporated in no matter of time. Many companies nowadays through out the world have been under critical condition when they are not able to meet the requirements of the people.
Hence, the issue occurs and it would lead to poor impression about the company where people have invested. Nowadays many banks have been running in shortage of money and they nearly have reached the stage of bankruptcy. It is not a usual process wherein which the investors have been having and it is quite embarrassing issue for all. Hence, proper measures that are helpful for debt relief have to be at atop to relieve the issues. Many credit card companies do have the same issue and they are not able to behave in the sense where they were once and now under tremendous pressure to handle the crisis. Major consumers are affected, as the company where they have had their liability is reeling under critics very badly due to bankruptcy. The worse part of the bankruptcy is that the many scam firms are using the present bad situation for their benefits and thereby they cheat the people to a greater extent.
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That opinion is not supported by facts, the assumption are all wrong based upon even industry reports and Congressional hearings. I have nothing against drawing rational conclusions, but except for an anecdotal case out of the norm here or there, this is just wrong.