«New money is used to pay old obligations, not to mention that the archaic system is one that oversold the artist's capacity.» (fortune.com)
Debt consolidation hurts your credit score when you delay or reduce payments to creditors rather than retire old obligations immediately. (growingfamilybenefits.com)
For a Majority of the Court of Appeal (judgment was delivered from the bench), it is consistent with the public interest that they be allowed to put old obligations behind them, and get on with their economic lives: «If participation in that type of corporate reorganization had the effect of reviving statute barred debts, no such re-organizations would be practical, and the whole purpose of the limitation statute would be defeated.» (supremeadvocacy.ca)