Skip to comments.Debtors' Prison Is Back -- and Just as Cruel as Ever
Posted on 08/31/2012 7:20:00 AM PDT by ex-Texan
To most of us, "debtors' prison" sounds like an archaic institution, something straight out of a Dickens novel. But the idea of jailing people who can't pay what they owe is alive and well in 21st-century America.
According to a report in The Wall Street Journal, debt collectors in Missouri, Illinois, Alabama and other states are using a legal loophole to justify jailing poor citizens who legitimately cannot pay their debts.
Here's how clever payday lenders work the system in Missouri -- where, it should be noted, jailing someone for unpaid debts is illegal under the state constitution.
First, explains St. Louis Post-Dispatch, the creditor gets a judgment in civil court that a debtor hasn't paid a sum that he owes. Then, the debtor is summoned to court for an "examination": a review of their financial assets.
If the debtor fails to show up for the examination -- as often happens in such cases -- the creditor can ask for a "body attachment" -- essentially, a warrant for the debtor's arrest. At that point, the police can haul the debtor in and jail them until there's a court hearing, or until they pay the bond. No coincidence, the bond is usually set at the amount of the original debt. * * *
(Excerpt) Read more at dailyfinance.com ...
Right! It's total BS. They are arrested for failing to show up for court. NOT for debt!
The payday loan companies target those who live paycheck to paycheck. So taking out these loans puts them is a spiraling cycle of relying on those loans. These companies know they are high risk loans and work the system through tactics like this story.
Thats a distinction without a difference.
Liberal elites benefit from human misery... makes it even creepier. Broken people are reliable democrat voters and keep liberal elites in power.
Have you noticed liberals don't accuse us of hating them any more? The reason that stopped it it dawned on them that we really do hate them - and we're not ashamed of it anymore...
Don’t borrow money at all. Borrowed money is supporting a multi-faced, monstrous tyrant. Cut personal costs. Repair things. Save.
Not only that, but in Texas, if the father DIES (and is no longer making child support payments, of course), he is added to the states registry of “dead-beat dads.”
My brother found this gem when researching men’s rights during divorce in Texas.
may want to prowl round this website.. Mr. Nolan could be a Freeper...
I encourage everyone to help out friends and relatives with their debt problems. My wife and I have do just that. But those who lent money deserve to be paid back - including “rich bankers” - because that money isn't that bankers money, it's some savings account holder's money. You have seen, “It’ A Wonderful Life,” right?
Sure, the FDIC insures the money to a limit, but that insurance premium is paid by the bank's customer account holders—the “banker” is just the manager of that whole relationship.
Don't be stupid.
Debt collectors are complete scum.
How is it possible? Because they are Indians.
I figured it’d be the lib-RINO’s who would bring back debtors prisons
That is probably the annual rate, but the loan term is probably for 2 weeks.
I bet no poor farmer could get a good loan around the year of the Jubilee.
Yup.. pathetic, isn’t it?! :/
One more thing, all you will do is create more types of situations like you see in the 1994 movie, “Falling Down,” one of my favorites.
Yes. Doing Okay now.
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