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 …
It’s getting more attention these days, the concept that debtors prison is resurfacing. And while that’s not exactly true, you can’t be thrown into prison for debt. But there is more coverage about debtors that are being arrested and taken to jail. Mostly just for processing but some are sitting behind bars as they wait …
Over the past few years there have been some pockets of the country where some people have been issued arrest warrants for contempt of court over some debt collection legal cases. See Does Debtors Jail Exist in the 21st Century or is this a Scare Tactic Used by Creditors and Indiana Closes Debtors’ Prison in …
In 2009 a local Indiana county court was doing some very bizarre things when it came to debtors. Apparently the local court was threatening debtors with contempt if they did not make payment arrangements to pay judgments against them, even if they were exempt from paying. It is reported that the Indiana judge had this …
Recently I posted a page here on debtors prison. The History of Credit & Debt – Debtors’ Prison. And then I came across some quotes that made me think how much the reality of debt troubles has not changed over time. “The confinement … of any man in the sloth and darkness of a prison, …
At last, our journey through financial history has reached a point where we recognize dollars and credit. From Massachusetts, a 1729 Judgment to make payment or be thrown in jail. During the early years of the United States, up to the mid-1800s, you could get tossed in prison for failing to pay back …