The simple answer to this is “no, there are no debtor’s prisons.” Unfortunately, despite the lack of debtor’s prisons, some people are ending up in jail because of bad debt. Minnesota law does not impose prison sentences because of bad debt, but Minnesota law which is rather pro-creditor provides a mechanism which allows a creditor [...]
Can you end up in jail for not paying your debts?
June 8th, 2010 · No Comments
Tags: Bankruptcy · News