Well our current system of finance allows for some items to be immune to contracts of indebtedness.

Lots of retirement items are also immune from lawsuits.

Before that we had debtors prisons and credit crunches every 15 years that filled them up.

Question:
Would the debtors go better next to the illegal immigrants or the pot heads?

Another question:
Would allowing one to sell oneself into slavery be a road out of the debt mess?

So many wonderful ideas…