It is called the black market, just as it was in the Soviet Union. Don't dismiss the common element of cronyism and the selective delivery of special benefits here, as there. I have made my comparative economic analysis and find much more in common than I find to contrast the two political systems. It is simple tribalism or just a slightly modified version of Anarcho Statism that best describes US economics and politics today.

My concern after talking with Rod, a local bankruptcy attorney, is the downside. What happens to those who can't pay and can't discharge the debts? Do they go underground and live just in a "cash" society?
[ Mover Mike The New Bankruptcy and the Gulf Coast! ]

As I posted there:

They just might just write things on the internet. If their debt was by reason of going to law school then there might eventually be payback.

A mere person, in their economic life, could hardly be demanded to be more responsible than a person who has availed themselves, via state laws on incorporations, of limited liability.

Can debt between a person and a corporation be fairly examined without proper reference to equal privileges and immunities, under state law? I think not. The tweaks in federal bankruptcy court cannot serve to vanquish rights, individual liberty interests against being lifetime indentured servants, that can be addressed in state court.

Stay out of federal court . . . go to state court and demand equity in all economic deals, such that no one is demanded to relinquish their inalienable rights to freedom from de facto slavery.

Yes, I am attacking the very notion of limited liability; in the interest of mutuality as to me and my debt. Part of my debt resulted in a judgment that has since expired by operation of law (that is, the mere passage of time and the trigger of the expiration period), due to the state's failure to timely renew.

See my Personal Reserve Flyer. "Shall We Create A Personal Reserve?" and "Personal Reserve Flyer -- Appeal For Signature Gatherers." The context and timing of my little blasts from the past might be useful. It became clear in January 2004 that I could not halt the Measure 29 bonds in the Marion County court. (It was partly my two-bit effort to impose greater pain on my bondholder adversaries; in general rather than in particular.) Though, I was still fired up and had to craft a new plan of attack.

Louisiana Constitution
ARTICLE I. DECLARATION OF RIGHTS
§3. Right to Individual Dignity

Section 3. No person shall be denied the equal protection of the laws. No law shall discriminate against a person because of race or religious ideas, beliefs, or affiliations. No law shall arbitrarily, capriciously, or unreasonably discriminate against a person because of birth, age, sex, culture, physical condition, or political ideas or affiliations. Slavery and involuntary servitude are prohibited, except in the latter case as punishment for crime.

If there is enough nexus between the prohibition on "involuntary servitude" and "equal protection" to appear in the same provision entitled "Individual Dignity" then there is certainly enough grounds for a lawyer, with a straight face, to go to court (state court that is) to get the economic deals voided which resulted in the apparent need for some folks to seek protection in federal court. The collection of debts via judicial action do not create slavery, or involuntary servitude, because they are limited by a time period for recovery. But as with any pendulum, the power of folks to strip opportunities to get a fresh start will merely boost the effort to hunt for an alternative grounds for freedom . . . how about equal rights to escape bad deals for joe-six-pack to that of joe-Paul Allen who wanted to escape high interest payments for his publicly aided Rose Garden deal, by virtue of a state (statutory) authorized limited liability entity.

-- Ron Ledbury for the Oregon Center For Poverty Law and Economics.
(I hope this is not too long.)