Henry Blodget
Daily Ticker
November 25, 2011
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.
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