http://bklaw.com/bankruptcy-blog/2009/07/bankruptcy-debtors-prison/ Los Angeles Bankruptcy Blog: Current issues, comments, questions and answers in bankruptcy law. Tue, 06 Sep 2011 02:33:05 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://bklaw.com/bankruptcy-blog/2009/07/bankruptcy-debtors-prison/comment-page-1/#comment-30 grantpatten Tue, 25 Aug 2009 14:53:55 +0000 http://bklaw.com/bankruptcy-blog/?p=117#comment-30 Agreed. I have a small practice in NC and when a potential client can't afford to file bankruptcy, I give them a standard speech including the fact that there are no debtor's prisons in the US and they can't go to jail for simply not paying a debt. I, then, explain what creditors can do in collection in NC. More than half the time, the potential client is shocked that they won't go to jail. They are equally shocked when I tell them they can write the creditor to revoke permission to draft their bank account - often social security recipients getting $1,200 per month with no assets paying $100 / month to a creditor by automatic bank draft. Agreed. I have a small practice in NC and when a potential client can’t afford to file bankruptcy, I give them a standard speech including the fact that there are no debtor’s prisons in the US and they can’t go to jail for simply not paying a debt. I, then, explain what creditors can do in collection in NC. More than half the time, the potential client is shocked that they won’t go to jail. They are equally shocked when I tell them they can write the creditor to revoke permission to draft their bank account – often social security recipients getting $1,200 per month with no assets paying $100 / month to a creditor by automatic bank draft.

]]> http://bklaw.com/bankruptcy-blog/2009/07/bankruptcy-debtors-prison/comment-page-1/#comment-26 phoenixbankruptcy Sat, 25 Jul 2009 02:58:40 +0000 http://bklaw.com/bankruptcy-blog/?p=117#comment-26 This is a helpful post. Most of the people having financial problems due to debt have this in mind. It is but normal though that thinking to be in prison due to debt is the thing that fears these clients because of these demands letters and harassment experienced. Consulting with a bankruptcy attorney will help them understand the process of how helpful it is to file a bankruptcy. This is a helpful post. Most of the people having financial problems due to debt have this in mind. It is but normal though that thinking to be in prison due to debt is the thing that fears these clients because of these demands letters and harassment experienced. Consulting with a bankruptcy attorney will help them understand the process of how helpful it is to file a bankruptcy.

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