I definitely agree.
But I'm also not well versed on what bankruptcy looks like in an anarchist/libertarian community or if it would even exist since declaring bankruptcy is basically a state institution?
Discussion
Being able to discharge debt is a very debatable topic. On the extreme end if the spectrum you get things like debtors prison. I think I like a credit rating system, just not the current one.
You don’t pay, you dint get more credit until you pay it back. Simple