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Keyword: debtors

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  • Local courts reviving 'debtors' prison' for overdue fines, fees

    12/25/2013 1:17:13 PM PST · by ColdOne · 50 replies
    foxnews.com ^ | 12/25/13 | Kelley Beaucar Vlahos
    Critics are calling the practice the new "debtors' prison" -- referring to the jails that flourished in the U.S. and Western Europe over 150 years ago. Before the time of bankruptcy laws and social safety nets, poor folks and ruined business owners were locked up until their debts were paid off. Reforms eventually outlawed the practice. But groups like the Brennan Center for Justice and the American Civil Liberties Union say it's been reborn in local courts which may not be aware it's against the law to send indigent people to jail over unpaid fines and fees -- or they...
  • The USA of I.O.U. (History Shows That America Was Founded For Debtors, By Debtors)

    01/31/2013 1:12:51 PM PST · by SeekAndFind · 6 replies
    Bankers Anonymous ^ | 01/31/2013 | By The Banker
    Every once in a while I read a finance article that sticks in my head and never goes away. An article about the historical intersection of debt and the United States from the New Yorker from four years ago by Jill Lepore is just one of these.[1]The USA of IOUJill LeporeÂ’s article explains that in many ways the United States was founded of the debtors, by the debtors, for the debtors.We know from English literature that the United States represented a fresh start for insolvents from the lower and upper classes, which makes sense when we learn that both DickensÂ’...
  • Debtors Revolt Beings Now!

    09/09/2009 7:05:58 AM PDT · by randita · 40 replies · 1,822+ views
    YouTube ^ | 9/9/09 | Rockerchic4God
    A woman ticked off by Bank of America notice raising her interest rates to 30%. Great rant! This needs to go viral. http://www.youtube.com/watch?v=jGC1mCS4OVo&eurl=http%3A%2F%2Fmarket-ticker.denninger.net%2F&feature=player_embedded
  • Bill Collectors Now Chasing Dead Debtors

    03/07/2009 1:07:43 AM PST · by 2ndDivisionVet · 72 replies · 4,087+ views
    Newsmax ^ | March 6, 2009 | Gene J. Koprowski
    Debt collectors are dunning the dead, seeking payment from deceased debtors or their next-of-kin by using sophisticated databases that scan probate court records and other information sources as a way to bolster revenues in depressing economic times, according to news reports. The New York Times is reporting that though many banks may need a bailout and some homeowners can't make their mortgage payments, the departed are definitely paying down their part of the debt. Post-mortem harassment is the latest trend in debt collecting, and one of the thriving parts of the reviled industry. In Minneapolis, Minn., teams of debt agents...
  • Vietnam city to stop foreign debtors leaving

    02/05/2009 2:27:40 PM PST · by BGHater · 15 replies · 544+ views
    Reuters ^ | 04 Feb 2009 | John Ruwitch
    Vietnam's main business centre, Ho Chi Minh City, will block foreign investors or company directors from leaving the country if their firms owe taxes, workers' salaries or social insurance payments, a newspaper reported on Thursday. The city government asked the immigration department and police on Wednesday to prevent a Korean businessman from leaving Vietnam because his company still owed some $14,300 in salaries for December to 97 workers, Thanh Nien daily said.
  • Bailiffs get power to use force on debtors[UK][Break into Homes, use force, etc.]

    12/22/2008 9:27:08 AM PST · by BGHater · 38 replies · 1,293+ views
    Times Online ^ | 21 Dec 2008 | Jon Ungoed-Thomas
    The government has been accused of trampling on individual liberties by proposing wide-ranging new powers for bailiffs to break into homes and to use “reasonable force” against householders who try to protect their valuables. Under the regulations, bailiffs for private firms would for the first time be given permission to restrain or pin down householders. They would also be able to force their way into homes to seize property to pay off debts, such as unpaid credit card bills and loans. The government, which wants to crack down on people who evade debts, says the new powers would be overseen...
  • Passport Rules Unfair to Child Support Debtors

    09/13/2007 11:24:54 AM PDT · by PercivalWalks · 3 replies · 194+ views
    GlennSacks.com ^ | 9/13/07 | Glenn Sacks
    My new co-authored column, Passport Rules Unfair to Child Support Debtors (San Antonio Express-News, 9/8/07), criticizes the new child support/passport rules which are so overwhelmingly popular among the editorial boards of our nation's newspapers. The column is a response to the Express-News' recent editorial “Federal law catching up with deadbeat parents” (8/23/07). I commend the paper for its willingness to publish such criticism. Passport Rules Unfair to Child Support Debtors By Jeffery M. Leving and Glenn Sacks San Antonio Express-News (9/8/07) The San Antonio Express-News' recent editorial “Federal law catching up with deadbeat parents” (8/23/07) presents a one-sided view of...
  • Aguirre to post names of San Diego's debtors on Web

    11/21/2005 6:57:20 PM PST · by CAWats · 6 replies · 285+ views
    San Diego Union-Tribune ^ | 11/21/2005 | Karen Kucher
    SAN DIEGO – City Attorney Michael Aguirre said Monday he planned to post on his office's Web site the names of people and companies who owe the city money, in an attempt to prompt them to pay up. The city will mail notices to about 30,000 individuals, companies and government agencies that owe the city $250 or more in delinquent debt, giving them 30 days' notice of the potential posting. More than 560,000 debtors owe the city money, city officials said.
  • Heat's coming for Nicor customers

    09/13/2005 10:11:17 AM PDT · by Rutles4Ever · 7 replies · 475+ views
    Chicago Tribune ^ | 9/13/2005 | Robert Manor
    In a grim sign for consumers, Nicor Gas is expecting a major jump in bad debt because high natural gas prices could cause home heating bills to climb this winter.The company is asking the Illinois Commerce Commission to increase the amount of uncollectable bills it can charge its customers to $36 million from $8 million, effective next month. Nicor is allowed to shift the cost of unpaid gas bills to its other customers who are current with their own bills. "It is the high gas costs," said spokesman Don Ingle. [SNIP] "This month it is $1" a therm, Ingle said.