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We don't have debtors prison because it doesn't make any sense as a means of recourse. If debtors stop paying, lendors will stop lending.
by kcole16 12y ago
We don't have debtors prison because it doesn't make any sense as a means of recourse.
If debtors stop paying, lendors will stop lending.
- freehunter 12y agoExactly. If you're free, they can garnish your wages, no matter how small. If you're in prison, you can't make any money. Creditors would rather have even a 1% return than nothing at all, so why would they put you in prison?