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Consolidate A Credit Card To Reduce Your Debt
Strange though it may sound a credit card can be a useful tool
in controlling debt. The properly chosen credit card can, in
fact, be used to consolidate debt. There are several features to
look for though if you plan to use a credit card in this...
Eliminate Credit Card Debt - 3 Reasons To Use A Debt Reduction Company Online
An online debt reduction company can offer you all the services
of a traditional debt consolidation company from the convenience
of your home. You can shop for the best fees and sort through
the scams all without making a commitment. In the end,...
Planning To Become Debt Free With A Consolidation Loan
If you have multiple debts, and are struggling to meet the monthly payments, then there's a good chance you will want to consider, now or later, a consolidation loan to become debt free. If you have already studied your monthly expenditure and can...
Ten Tips to Break the Debt Cycle -- For Good!
Break the Debt Cycle — For Good! excerpted from Bounce Back From Bankruptcy by Paula Langguth Ryan You can become debt-free and STAY debt-free if you follow these practical and spiritual tips. Money is energy. Nothing less, nothing more. It does...
Wedding Loans – Marry Your Spouse Not Debts
Weddings in the UK generally last for a day or two; the after-effects however last for months and years after the wedding is over. People have a genuine demand in making the wedding day a posh affair. Since it is once in a lifetime event, all wise...
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Debtors Prison, a Brief History of Bankruptcy
In Ancient Israel, every 7th year (Sabbatical year) the debtors
were forgiven some of their debt and every 50 years (the Jubilee
year) all debts were to be discharged, some mortgages released
and all indentured servants and slaves were to be released. In
the meantime, the family members had the right to make payments
on any property or persons that had been seized to satisfy the
debt.
In Ancient Greece and Republican Rome, debtors suffered death,
slavery, mutilation, imprisonment or exile. Roman Republic Law
allowed multiple creditors to exhibit a debtor in the forum for
three days and divide the debtor up into pieces to satisfy the
debt.
Evidence exists suggesting multiple creditors could also seize a
deceased debtors corpse and hold it ransom from the debtor's
heirs until the debt was satisfied.
As Rome became an empire, approximately the second century AD,
debtor slavery had been abolished, debtor prison continued to
exist. The debtor could be held for ransom until friends and
family of the debtor paid the debt.
In the middle ages, the church proclaimed debt and insolvency
sinful. Debtors were subject to excommunication while alive or
denial of a Christian burial upon death. Punishment of debtors
was necessary to assist the land-owning and religious ruling
classes in maintaining their power.
The first bankruptcy
laws arose in the late middle ages. The laws provided the
protection of fraud against creditors stemming from an
inequitable distribution of assets and the protection of the
debtor from imprisonment.
In 1283 authorizing the seizure of debtor's assets to satisfy
debt. If the assets seized were insufficient to satisfy the
debt, then imprisonment of the debtor was incurred until the
debt was paid.
In 1542 in England, the first known bankruptcy law was passed to
give creditors
options against debtors who did not pay their
debts. Under this law, the debtors were considered
criminals.
In 1570, England passed its second bankruptcy law, among
other things; bankruptcy was initiated by the creditor and
involuntary for the debtor. Once the debtor's assets were
seized, sold and distributed to the creditors the debtor was not
relieved of the debt and creditors could continue their
collection efforts.
English debtors prior to 1705 rarely knew forgiveness of debt.
England enacted a statute in which creditors could receive a
full discharge of debts, while being able to retain exempt
property provided certain conditions were met.
In 1823 when Charles Dickens was 12 years old, his father was
sent to debtor's prison at Marshalsea. Charles started working
in a boot factory for 10-hour days to pay for his lodging and
help support his family.
Debtors act of 1869 is an English statute that abolished
imprisonment for debt except in certain cases, as when a debtor
owed a debt to the Crown or a debtor had money but refused to
pay. The statute also made it a misdemeanor to obtain credit
under false pretenses or to defraud creditors.
In America up to the mid 1800's you could go to prison for not
paying your debts. In 1898 the Bankruptcy Act allowed both
voluntary and involuntary cases. Debtors could keep exempt
property and discharge virtually all debts. In 1938 the bankruptcy laws were
overhauled by Congress and the law that exists today is the
Bankruptcy Act of 1978. Several amendments and changes have
been since then.
About the author:
Original content from bankruptcyhome.com can
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| Advertisements Promising Debt Relief May Be Offering Bankruptcy |
| Cautions consumers about ads in newspaper, magazine and telephone directories that offer quick fixes for debt problems. |
| www.ftc.gov |
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| Welcome to Debt Relief International |
| Welcome to the web site of Debt Relief International. |
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| Debt relief steps, your free guide to debt help. |
| Articles on debt relief, and credit management and repair. |
| www.debtsteps.com |
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| Factsheet - Debt Relief Under the Heavily Indebted Poor Countries ... |
| The HIPC Initiative is a comprehensive approach to debt reduction for heavily indebted poor countries pursuing IMF- and World Bank-supported adjustment and ... |
| www.imf.org |
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| Special report: debt relief | Special reports | Guardian Unlimited |
| February 6: A year ago the Guardian set out to track the west's promises of action for Africa on aid, trade, health and debt relief. As G8 finance ministers ... |
| www.guardian.co.uk |
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| Debt Relief Options - Findlaw for the Public - |
| Welcome to Debt Relief Options. This section contains information about the ... To begin, select one of the Debt Relief Options topics from the list below ... |
| bankruptcy.findlaw.com |
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| William Brewer |
| The Brewer Law Firm. William E. Brewer, Jr., Attorney at Law Board Certified Consumer Bankruptcy Specialist. 619 N. Person Street Raleigh, NC 27604 ... |
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| Debt Relief - InCharge Debt Solutions |
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| www.incharge.org |
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| Economic Policy and Debt |
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| www.worldbank.org |
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| Economic Policy and Debt - The Enhanced HIPC Initiative |
| The Initiative’s debt-burden thresholds were adjusted downward, which enabled a broader group of countries to qualify for larger volumes of debt relief. ... |
| www.worldbank.org |
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| Debt relief - Wikipedia, the free encyclopedia |
| Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. ... |
| en.wikipedia.org |
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| Debt Analyzer, Debt Reduction Software, Home Page |
| Debt Elimination at its best! Potential savings of hundreds or thousands of dollars! Build debt reduction, timed elimination or consolidation schedules. |
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| Superior Debt Relief |
| We help you get rid of credit card debt much faster than you may believe possible with credit card debt settlement and negotiation tactics, providing debt ... |
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| Debt Relief - Social and Economic Policy - Global Policy Forum |
| Aid Inflows, Debt Relief Yet to Translate into Reduced Poverty (March 20, 2006) ... Fearing that the IMF could tie debt relief to economic benchmarks, ... |
| www.globalpolicy.org |
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| Debt Relief - Global Policy Forum - Social and Economic Policy |
| Debt Relief - Global Policy Forum - Social and Economic Policy. The Debt Relief Page Has Been Moved to: ... |
| www.globalpolicy.org |
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| BBC NEWS | Business | Q&A: African debt relief |
| BBC News looks at the progress of international debt reduction efforts, and the sticking points which continue to hamper the process. |
| news.bbc.co.uk |
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| Debt Relief Australia - Start Reducing Debt Today! |
| Debt Relief offers Australians in debt assistance with finding the most appropriate debt relief solution. |
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| Debt Consolidation Australia, Debt Relief & Bankruptcy Information |
| Specialising in debt agreements, mortgage refinancing and bankruptcy. Company profile, calculators, solutions, media releases, testimonials and existing ... |
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| Oxfam - Debt and Aid - Debt Relief for Nicaragua: breaking out of ... |
| Oxfam policy paper on relationship between international debt servicing and poverty. Linked to table of contents and also zipped for download. |
| www.oxfam.org.uk |
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| What debt relief means for Africa | csmonitor.com |
| This weekend's $40 billion debt cancellation deal could spark major improvements in the lives of the world's poorest people. |
| www.csmonitor.com |
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