3 ms·

Is the US any different? I'm pretty sure it's almost impossible to get a criminal conviction for bad debt these days. Maybe in a really extreme case like a deli

Is the US any different? I'm pretty sure it's almost impossible to get a criminal conviction for bad debt these days. Maybe in a really extreme case like a deliberate fraud scheme that used defaulting as a key part of the process, but not a normal person just normally not repaying a loan.

bluGill 4y ago
The US requires you pay back loans and has a scheme of forcing that including confiscation of income from your emoloyer. You can declare bankruptcy to get around that, but it isn't automatic, and the courts can tell you no you have to pay your debt (though in practice anyone going this far is bad enough off that they get out of debt maybe owing pennies)