Because it doesn’t make any sense for someone to live the rest of their life with overwhelming debt.
A person trying to make ends meet, who just had his hours reduced (or was recently laid off), who is juggling overdue bills, whose child has enormous health problems (and therefore very high medical expenses), and who is struggling to put food on the table shouldn’t have to worry about whether or not he can make a minimum payment on his credit card on time (most of which is interest, as opposed to principle).
Some people reading this may look at the above paragraph, and say something like, “Hey, if you can’t handle the burden of paying all your bills, then you shouldn’t have gotten yourself into this mess in the first place!” Well, that’s all good and fine. But it’s not as if this individual wanted to lose his job; he doesn’t want to have to live off of credit cards; and he surely does not want his child to have medical issues. I have filed thousands of St. Louis bankruptcies over the years, and every one of these individuals are good people who have found themselves in situations beyond their control. Simply condemning these individuals, and trying to make them feel guilty about their particular set of circumstances, is completely unproductive.