Whoever heard of debtors prisons, except in tales of days gone by? Well, under President Obama’s economic leadership, debtors prisons are making a comeback. Hope and change has kind of lost its luster, eh?
As if life wasn’t already tense enough for Americans who can’t pay their debts, collection agencies are now taking advantage of archaic state laws to have some debtors arrested and sent to jail.
More than one-third of US states allow debtors to be arrested and jailed, says Jessica Silver-Greenberg in the Wall Street Journal.
Judges typically grant arrest warrants when the debtors have failed to show up for court dates or failed to make court-ordered payments.
Of course, the reason debtors have failed to make court-ordered payments is often the same reason they didn’t pay their debts in the first place: They don’t have any money. (Read More)
The WSJ article cited above notes that the practice of jailing debtors is “flourishing” in Illinois. One woman was arrested in front of her children over a $2,200 debt. She is unemployed and has no money. What sad times we’re living in.
Via Doug Ross who points out that the State of Illinois is delinquent in paying its own debts.