Congressional negotiators reached final agreement last week on a bill to make it tougher for Americans to escape their debts by filing for bankruptcy.
Critics argue that this will create a moral hazard, with people borrowing excessively because they know they can escape their debts more easily.
He fled to Edenton, North Carolina to escape his debts.
Then he was sued for $2.5 million and now cannot escape his debts.
The overhaul, long sought by banks and credit card companies, would make it harder for people to escape their debts.
The House is preparing to vote today on the bill, which would make it tougher for consumers to escape their debts.
You could appoint Houdini but Greece will struggle to escape its debts.
In 1706 the law was changed specifically to prevent drovers escaping their debts by declaring themselves bankrupt.
Those who went to the Mint would frequently die of malnutrition or murder before raising enough money to escape their debts.
But by handing over the keys he did not necessarily escape his debts.