The federal laws of the United States entitle people who have had financial difficulties the opportunity to wipe the slate clean.
We all have rough times, financially. The spiral continues on and on, and there appears to be no end in sight. Major corporations, celebrities, the rich and famous. They all have bad luck and need a chance to get their finances in order.
Filing bankruptcy, Chapter 7, gives you a way out. If your situation merits it, you can discharge your debt and get a fresh start with a clean slate.