Yes and when they cry for our money, Congress gives it to them.
*Ping* !
They’ve been doing this for years to divorced fathers who legitimately cannot pay child support. Yeah, jail the guy so he has no chance at all of earning anything to pay the support. Yeah, some fathers are scumbags, but many are not. Why not jail the mothers who take in the child support and use it for everything but supporting the child.
The problem here is debt, not the laws behind it. If people weren’t fed this line of BS from our government that they can recklessly spend on credit without fear of reprisal, we wouldn’t have any of the money problems we have today. Hell, even our government does it, and they don’t have to pay any piper!
Payday lenders are a scam and should be outlawed. They’re also racist. Go through the lower class part of your local urban area, and you’ll see Amscots on every street corner. You go to your more upper-class parts of town, and you’d be lucky to find a single one.
My favorite is this “Western Sky” payday lender who advertises on primetime TV to the “urban” crowds. It says in the fine print on the bottom of the commercial that there’s a 135% interest rate. 135%! You take out a $100 payday advance and you owe them over double what you took out. How is that legal?
Well, for one, I don’t think bankruptcy laws are an outrage. Some of the creditors in many bankruptcy cases are not “Banksters”; they are real people, businesses, tradesmen, etc. that have been taken by irresponsible people.
It used to be so easy to skirt debt, and a plethora of people used it to steal from others.
I’m not buying this ancient debtor’s prison crap.
I think there should be a big tax from which everyone’s debts can be paid. And instead of debtor’s prison, they should give debtors a vacation trip to some nice place where everything is free. And debtors should get free credit cards and a gift basket.
Debt is the American way.
Where have you been? We’ve had debtor’s prison again since they passed deadbeat dad laws back in the 90’s.
It's called a "Failure to Appear" warrant. It's no different than a DWI or anything else. When the court tells you show up, my advice is: show up. All the court can do is to confirm that you owe the money, which you do.
OK, so what prison will America go to if she can’t pay back her debts?
This procedure is fairly common and the article is very misleading. The debtor is not being jailed for failure to pay, but for failure to appear. It can be avoided by showing up for the hearing.
Someone needs to hit Corzine with this.
“Our corrupt Congress — both Dems and Repubs — amended the Bankruptcy laws to permit all sorts of ancient outrages.”
When a bankruptcy petition is filed all judgments against the debtor are reversed provided those debts were properly documented during the filing, so any civil cases against the debtor would be dismissed completely.
The fact that it’s necessary to not appear to a court date to have this happen means it’s not debtors prison. Any kind of court date you get summoned to if you don’t show up they can arrest you. If you blow off a traffic court appearance that doesn’t make it “traffic prison”, it’s just regular prison for failing to appear.
Back to the original issue - a de facto “debtors prison”. There are some in our society that make a game of borrowing with absolutely no intent of ever repaying the debt. That is fraud. But I get that this article implies those are not the individuals these actions are being taken against.
Don’t borrow money at all. Borrowed money is supporting a multi-faced, monstrous tyrant. Cut personal costs. Repair things. Save.
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.
I figured it’d be the lib-RINO’s who would bring back debtors prisons