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Special Report on

Bankruptcy Or Debtors Prison

bankruptcy or debtors prison special research report Photo by
Apparently in the southern counties of Indiana, judges are not in sympathy with our state constitution’s ban on imprisonment for debt, which dates back to 1851.  Judgment debtors whose sole income is exempt Social Security, and whose assets fall below the state property exemptions, are summoned to court on show cause orders, and threatened with contempt if they refuse to make payment arrangements.  The Indiana Court of Appeals recently reversed one trial court’s judgment ordering an indigent debtor to pay $25 monthly on an ordinary contract debt, or face prison.  HT to student Laura Harris who researched this ...
Currently, the practice of giving prison sentences for unpaid debts has been mostly eliminated, with a few exceptions such as inability to pay child support and certain taxes, and some specific countries, such as the United Arab Emirates . Cite error: There are tags on this page, but the references will not show without a tag; please see the .
Debtors Prison, a Brief History of Bankruptcy
In Ancient Israel, every 7th year (Sabbatical year) the debtors were forgiven some of their debt and every 50 years (the Jubilee year) all debts were to be discharged, some mortgages released and all indentured servants and slaves were to be released. In Ancient Israel, every 7th year (Sabbatical year) the debtors were forgiven some of their debt and every 50 years (the Jubilee year) all debts were to be discharged, some mortgages released and all indentured servants and slaves were to be released.  In the meantime, the family members had the right to make payments on any property or persons that had been seized to satisfy the debt. market research, surveys and trends
Is Bankruptcy for Student Debtors a Good Idea - Debtor's Prison
Hi kids.  I am sure you have heard about the petition going around trying to drum up support for bankruptcy protection for student debtors.  But who does that help?  Is that really the answer?  I am going to put in my two cents before I leave it to the gang to discuss. Essentially I don’t think it’s the answer.  Here’s why.  At the end of the day the man gets his money and lawyers ruin everything.   Here’s what I mean.  Collectors collect.  We as a group lost bankruptcy protection when newly minted lawyers declared bankruptcy, discharged their loans and then went on to lucrative careers with the inconvenience of paying a higher ... market research, surveys and trends


Debtors languishing in Dubai's prisons | Deseret News (Salt Lake ...
DUBAI, United Arab Emirates -- Hussein Ali Mubarak sits in prison, surrounded by murderers and burglars. His crime: defaulting on his bank loans. More than 1,200 people in Dubai's central jail -- about 40 percent of the prison population -- have been convicted of not repaying money borrowed from banks so they could get married, buy a car or house, or invest in the stock market. Jailing debtors -- a practice more common in 18th-century England -- illustrates the downside of this Persian Gulf city-state's frantic economic boom. Surrounded by so much oil and real estate wealth, many residents succumb to the temptations of ... industry trends, business articles and survey research
Bankruptcy Filings up 100 Percent from 2007: Americans Financially ...
The U.S. Courts released data last week closing out the 2009 fiscal year.  In the release we find that bankruptcy filings are up 100+ percent from 2007.  No other economic vehicle shows deeper signs of financial strain than bankruptcy.  Bankruptcy is the end of the road for many Americans.  Although businesses file for bankruptcy as well the vast majority of filings come from individuals simply not able to meet the demands of their monthly payments.  Average Americans are looking at the recovery talks but the reality on the street is much different. Bankruptcy isn’t a new concept.  In fact it has its roots in English law ... industry trends, business articles and survey research
Ownership stake under dispute
Residential developer Paul David Gillette's proposed pathway out of bankruptcy hinged partially on income from an insurance business in which his wife, Sherri, disputed his ownership stake. Paul Gillette, who filed for bankruptcy in July claiming $1.2 million in debts he can't pay, is accused of beating Sherri Gillette to death early Sunday morning at their home at 2001 Las Tecovas Trail, west of Amarillo. He was being held in the Potter County jail Sunday on a $1 million bond. Much of Paul Gillette's debt is associated with his Falcon Club residential development, south of Bushland, which stalled while he served ... market trends, news research and surveys resources
Debtors face jail for missing appearances
Porter Superior Judge Julia Jent called out a dozen or so names, but only a few defendants showed up on this recent weekday. "Here," said a man in the back of Jent's courtroom. Leanna Alexander of Gary was arrested after getting her car towed three years ago, when the officer found an outstanding warrant for her arrest for not paying a $200 dentist bill. Because she moved a lot back then, she never received the mail/bill or summons, she said. (Scott M. Bort/Post-Tribune) • Debtors falling prey to collectors "I'm here," said a woman on the other side of court. Most of the defendants were ... market trends, news research and surveys resources


Family Legal Guide, Chapter 8: Bankruptcy
keeps growing. Historically, debtors were sent to prison. But in America, we have a system of bankruptcy law that provides relief and a fresh start to those ... technology research, surveys study and trend statistics
USDC - District of New Hampshire - The Bankruptcy Court
In Colonial times, if a man defaulted on a loan he was placed in debtor's prison until he paid his creditors what he owed. In New Hampshire, the attitudes of the people did not dictate leniency for debtors. New Hampshire was an agricultural state full of rugged individualists who subscribed to a work ethic of self-sufficiency. They believed that if a man worked hard and spent wisely, he would never need to borrow or be in debt. Conversely, if a man was in debt, he was lazy and a spendthrift and deserved what he got. A Bankruptcy Bill was passed by Congress in 1798. It required all states to recognize bankruptcy, a situation ... technology research, surveys study and trend statistics
Bankruptcy Law
The bankruptcy system provides an orderly structure for addressing the inability of an individual or organization to meet its monetary obligations. Whether through liquidation and sale of assets or by restructuring and reorganization to allow an orderly payment of debts, the bankruptcy system governs the obligations and rights of creditors (lenders or others to whom a debt is owed) and debtors (borrowers or recipients of credit, goods, or services). The framers of the U.S. Constitution (Article 1, Section 8) granted Congress the power to establish a uniform bankruptcy law throughout the United States. Bankruptcy law is set forth ...
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Why is bankruptcy generally considered an important part of ...
There are all new companies, stores, restaurants, and banks every 4 years and an average employment duration of 1 year within false economics capitalism, (that is possibly a secret homelessness-without-health insurance death camp). Remaining solvent does not actually exist within false economics capitalism. Get rich quick schemes in the capitalist business world, (buyouts, IPOs, conglomerates, acquisitions, mergers, and the stock market), do not actually work. Profit existing in the capitalist business world, or millionaires existing within capitalism, is pathological deception committed by the 21 organizations spying on the ...
if I don't have money or a job to pay the people I owe what will ...
 It depends on the size of the debt.  If it is very small,( a number of creditors less that $500 each) they will probably turn the debt over to a bill collector who will drive you crazy for a number of months.   If the debt is larger, ( a number of creditors more than $2,000 or $3,000) they will probably file a judgement against you in court in the county you live in. You will receive a summons to appear and court and bring a list of everything you own, value of equity in a home if you own one, value of a car if you own one, ( if you can’t make the car payments the financial company will repossess the car), ...