Debtors’ Prison Abolished

On this day in 1821, Kentucky became the first state to abolish debtors’ prison.  The federal government and other states followed suit over the next several decades, and by the end of the nineteenth century bankruptcy law had replaced debtors’ prison in the United States.  In 2008, more than one million Americans filed for bankruptcy protection.

We represent individual and corporate creditors and debtors in a wide variety of financial dilemmas, including bankruptcy and non-bankruptcy financial disputes. Call us to learn more and to arrange a consultation: (910) 763-3626

About Oliver Carter III

Oliver Carter III is an attorney with Carter and Carter Law Firm in Wilmington, North Carolina. The firm offers business and financial law services including bankruptcy, business litigation, estate planning, and foreclosure law. Learn more and connect with Oliver on Google+.

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