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With this method, unsecured debt becomes very nearly the equivalent of secured debt, with the state assisting in enforcement. At least I think that is part of
by patrickgzill 16y ago
With this method, unsecured debt becomes very nearly the equivalent of secured debt, with the state assisting in enforcement.
At least I think that is part of the strategy, as you can see in this article from Minnesota about people being arrested over unpaid debts, at taxpayer expense.
http://www.startribune.com/investigators/95692619.html?elr=KArksUUUycaEacyU http://www.startribune.com/investigators/95692619.html?elr=K...
Quote from above article:
"Admittedly, it's a harsh sanction," said Steven Rosso, a partner in the Como Law Firm of St. Paul, which does collections work. "But sometimes, it's the only sanction we have."
Taxpayers foot the bill for arresting and jailing debtors. In many cases, Minnesota judges set bail at the amount owed."
- joeyo 16y agoYay debtor's prison!