Would it be in the best interest of banks and credit card companies to try to get Congress to change the laws so that individuals can not declare bankruptcy? Why or why not?

Select the best answer from the choices provided.
No, because they profit from bankruptcy filings, which keep moral hazard out of the free market.
Yes, because people with no prospect of paying off their debts work harder.
No, because they profit since they get at least a portion of a bankrupt debtor's assets.
Yes, because bankruptcy laws do not allow creditors to collect any debts.

Question

Would it be in the best interest of banks and credit card companies to try to get Congress to change the laws so that individuals can not declare bankruptcy? Why or why not? 


Select the best answer from the choices provided.
No, because they profit from bankruptcy filings, which keep moral hazard out of the free market.
Yes, because people with no prospect of paying off their debts work harder.
No, because they profit since they get at least a portion of a bankrupt debtor's assets.
Yes, because bankruptcy laws do not allow creditors to collect any debts.