Finance Q&A

Will they actually put people in prison for their debts under this new bankruptcy law?

Edwards Finance > Loans

Q. I heard the law change was basically bringing back debtor's prison. Will they actually put people in prison for their debts under this new bankruptcy law?

A. - The new law comes very close to effectively repealing former bankruptcy laws protections for individual debtors. As such and on its own terms, its a pretty terrible give-away to credit card industry and related financial debt providers who most

 


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