Debtor’s Prison in the US? Maybe, if you are not paying your student loans!
We have always thought that there is no such thing as a Debtor’s Prison in the USA. People with bad debt are not treated as criminals unless the debt itself is the result of specific forms of criminal activity. Well, that may not be the case. In today’s financial news, Bloomberg discusses a recent case where the Department of Justice arrested a man for a 29-year-old unpaid student loan debt. http://bloombergview.com/articles/2016-02-18/shirking-your-student-loan-shouldn-t-end-in-handcuffs