“Debtors’ Prison Is Back — and Just as Cruel as Ever” According to a report inThe Wall Street Journal,debt collectors in Missouri, Illinois, Alabama and other states are using a legal loophole to justify jailing poor citizens who legitimately cannot pay their debts.Here’s how clever payday lenders work the system in Missouri — where, it should be noted, jailing someone for unpaid debts is illegal under the state constitution.First, explains St. Louis Post-Dispatch, the creditor gets a judgment in civil court that a debtor hasn’t paid a sum that he owes. Then, the debtor is summoned to court for an “examination”: a review of their financial assets.If the debtor fails to show up for the examination — as often happens in such cases — the creditor can ask for a “body attachment” — essentially, a warrant for the debtor’s arrest. At that point, the police can haul the debtor in and jail them until there’s a court hearing, or until they pay the bond. No coincidence, the bond is usually set at the amount of the original debt. ____________________ The U.S. government is TRILLIONS of dollars in debt. I don’t see them getting their assess hauled off to jail. #B_effing_S

“Debtors’ Prison Is Back — and Just as Cruel as Ever”

According to a report inThe Wall Street Journal,debt collectors in Missouri, Illinois, Alabama and other states are using a legal loophole to justify jailing poor citizens who legitimately cannot pay their debts.

Here’s how clever payday lenders work the system in Missouri — where, it should be noted, jailing someone for unpaid debts is illegal under the state constitution.

First, explains St. Louis Post-Dispatch, the creditor gets a judgment in civil court that a debtor hasn’t paid a sum that he owes. Then, the debtor is summoned to court for an “examination”: a review of their financial assets.

If the debtor fails to show up for the examination — as often happens in such cases — the creditor can ask for a “body attachment” — essentially, a warrant for the debtor’s arrest. At that point, the police can haul the debtor in and jail them until there’s a court hearing, or until they pay the bond. No coincidence, the bond is usually set at the amount of the original debt.

____________________

The U.S. government is TRILLIONS of dollars in debt. I don’t see them getting their assess hauled off to jail.

#B_effing_S

Aug. 31 2012
Via dailyfinance.com
#politics #OWS #finance reform
99 notes

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  7. iramothewiseman reblogged this from silas216 and added:
    Nothing like the New Jim Crow.
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  9. comix reblogged this from silas216 and added:
    Un fucking believable
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    wait what century is this?
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    This country is going to the dogs….
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