The headlines on stories about a recent incident in Texas may have debtors worried about what could happen to them if they fall behind on their debts.<\/p>\n
A Houston man named Paul Aker was involved in a sequence of events that began with defaulting on a student loan and ended with his arrest. In a subsequent interview with a local Fox affiliate, the caption displayed on-screen said that Aker was \u201carrested by US Marshals for student loan debt.\u201d Print headlines weren’t much better. Viewers could be forgiven for thinking that we had gone back in time to the days of debtors’ prisons.<\/p>\n
Fortunately for all of us, law enforcement officers are not, in fact, arresting anyone simply for nonpayment of debts. In 2007, a default judgment was entered against Aker when he failed to respond to a complaint of nonpayment. Five years later, Aker was ordered to appear at a deposition to explain (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The headlines on stories about a recent incident in Texas may have debtors worried about what could happen to them if they fall behind on their debts. A Houston man named Paul Aker was involved in a sequence of events…<\/span><\/p>\n