QUESTION
can you be arrested for not paying a internet payday loan back?
Asked on Nov 04th, 2011 on Debtor and Creditor - Alabama
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
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3 Awards
No. Failure to pay debts is not a crime, and debtors' prisons were abolished some time in the early 1800s.
Creditors have rights and remedies under state law, such as garnishment, liens against property, seizure of bank accounts, etc.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
http://www.bklaw.com/
bankruptcy blog: http://bklaw.com/bankruptcy-blog/
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Answered on Nov 07th, 2011 at 2:58 PM