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| Debtors Prison no longer an injustice from the past -- Wiki image |
Huffington Post
Not paying off debts can eventually land you in jail -- at least in a sizable minority of U.S. states.
Borrowers who can't or don't pay their debts can be sent to jail in more than one-third of states, the Wall Street Journal reports. Judges may issue a warrant when a borrower either misses court ordered payments or doesn't show up in court after being sued for payments on outstanding debt. Though there are no national statistics on the practice of jailing debtors, a WSJ analysis found that judges have issued more than 5,000 debt-related warrants since the beginning of 2010.
As high joblessness, slow wage growth and plummeting home values push more Americans into debt, the aftermath of the recession also makes it increasingly difficult for consumers to pay it back, and the collectors of that debt are getting more aggressive as a result.
Some states are attempting to rein in the practice of putting borrowers in jail, even as the number of borrowers threatened with arrest has surged since the financial crisis, according to a separate WSJ report. Washington state's House of Representatives voted unanamously in March to require debt collection companies to provide proof that borrowers had been notified about lawsuits before judges could issue an arrest warrant.
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Our Future In Chains: The For-Profit Debtors' Prison System
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7 comments:
Well then, I guess we can all sit in a jail cell together!. Will there be anyone left on the outside?--- After all jobs are gone and the dollar collapses. When the corrupt steal your next to last dollar and the last dollar is taxed away?
thats when jail becomes a work camp
Currently only six states have debtor's prison, Arkansas, Arizona, Illinois, Indiana, Minnesota, and Washington. Those are the ONLY six, so I think someone (namely the writer of this piece) is fear mongering and simply lying.
I tried posting this over at Huffington post, but it will not post.
People really need to take the horse by the reigns and really research anything they read. This is an out and out lie. Gerald, I'm surprised YOU didn't research it before spreading it. Disappointed, big time here.
Go to jail for murder or debts whats the diff?
Murder charged prisioners get more respect in the slammer!
I have no problem with debtor's prison.
My relatives sold themselves as indentured servants to get to the new world and once here, paid their debt and made a new more prosperous life for themselves.
Maybe if people understood debtor's prison was a possibility they would hesitate to get into bed with the bankers for items like new furniture as mentioned in the article.
This is really something you get laid off work can't pay your bills then you go to jail.And how much does it cost to house some in jail$$$$$.Free rent free meals debets still don't get paid. This really makes since NOT what is this country comeing to.THE END
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