Just out is a very interesting video from my friends over at Cambridge Credit Counseling about debtors’ prison and the current realities.
Disturbing new reports indicate that debt collectors in Missouri, Illinois, Alabama and a few other states are using a legal loophole to justify jailing poor citizens who legitimately cannot pay their debts.
It has been troubling that some creditors have been hauling people into court with arrest if they miss a court appearance.
Illinois has taken steps to eliminate this problem, which continues to be a very small issue.
I suspect the remanning states will take some legislative action to make this problem less of a worry.
The video below gives you a good overview of the problem and the reality of the situation some are facing today.