I have a pretty huge debt load. I entered into these contracts when I had a relatively good job and income. I lost my job and had to have major surgery. I can no longer meet my obligations. Can I go to my debtors and tell them to just forget my obligation to them, times have changed?
Despite what we've seen of late with the Obama ascendancy we are a nation of laws. Contracts are just one way one company has of being assured another company will live up to its word.
I am open to another way of looking at this. Meanwhile it's my humble opinion that many of the high price things these companies have wasted money on were done with the idea that they were legal obligations that could not be abandoned when times got tough.
Thanks!