If we go into another depression, how are our personal finances affected? my husband and I are in debt....student loans as well as some credit cards and medical bills that had to be put on the back burner when DH got laid off. If we plunged into definite economic turmoil what happens to that debt? Will debtors put you in jail? Will debtors try to take what you own? We don't own a home ...we rent, have two paid off cars (second hand oldies but goodies)....and misc house items.
Thanks in advance!
Asked by Anonymous at 10:27 AM on Jan. 17, 2013 in Money & Work
Answer by funlovinlady at 11:05 AM on Jan. 17, 2013
Answer by tasches at 7:42 PM on Jan. 17, 2013
Answer by booklover545 at 9:54 AM on Jan. 19, 2013
Here is a write up about jail for unpaid bills
Answer by booklover545 at 9:56 AM on Jan. 19, 2013
Answer by booklover545 at 10:01 AM on Jan. 19, 2013