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|    Message 25,099 of 25,589    |
|    JC to All    |
|    Debtors' Prison, 2011 Edition    |
|    24 Mar 11 20:43:45    |
      From: jesus475073@webtv.net              Debtors' Prison, 2011 Edition              By JESSICA SILVER-GREENBERG       March 17, 2011              Some lawmakers, judges and regulators are trying to rein in the U.S.       debt-collection industry's use of arrest warrants to recoup money owed       by borrowers who are behind on credit-card payments, auto loans and       other bills.              More than a third of all U.S. states allow borrowers who can't or won't       pay to be jailed. Judges have signed off on more than 5,000 such       warrants since the start of 2010 in nine counties with a total       population of 13.6 million people, according to a tally by The Wall       Street Journal of filings in those counties.              Nationwide figures aren't known because many courts don't keep track of       warrants by alleged offense. In interviews, 20 judges across the nation       said the number of borrowers threatened with arrest in their courtrooms       has surged since the financial crisis began.              "I wish I could do it more," said Piatt County Circuit Judge Chris       Freese, who has heard hundreds of debt-collection cases. "It's often the       only remedy to get people into court and paying their debts."              In one of those cases, Emmie Nichols, 26 years old, was arrested in June       at her mother's house after lawyers for Capital One Financial Corp. won       an arrest warrant against her for skipping a court hearing about       $1,159.87 she owed on a credit card from the company. The $500 bond that       freed Ms. Nichols from the county jail was turned over to Capital One as       a partial payment of the debt, court filings show. A Capital One       spokeswoman declined to comment on Ms. Nichols.              Some judges are worried that the jump in debt-related arrest warrants is       creating a modern-day version of debtors' prison.              The practice ended in 1833 after decades of controversy, since borrowers       owing as little as 60 cents could be held indefinitely in squalid jails       until they paid off their debt.              http://online.wsj.com/article/SB10001424052748704396504576204553811636610.html              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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