Saturday, March 3, 2018

Rebecca Burns — How Lenders Are Turning Low-Level Courts Into Dickensian “Debt Collection Mills

Federal law outlawed debt prisons in 1833, but lenders, landlords and even gyms and other businesses have found a way to resurrect the Dickensian practice. With the aid of private collection agencies, they file millions of lawsuits in state and local courts each year, winning 95 percent of the time. If a defendant fails to appear at post-judgement hearings known as “debtors’ examinations,” collectors can seek a warrant for contempt of court — even if the debtor didn’t realize they were being sued....
What was that about "sh*t-holes"again?

The Intercept
How Lenders Are Turning Low-Level Courts Into Dickensian “Debt Collection Mills
Rebecca Burns

2 comments:

Noah Way said...
This comment has been removed by the author.
Noah Way said...

... gotta fill up those for-profit corporate prisons.