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Bankruptcy

: The Debt Podcast

At Least We Don?t Have Debtors? Prisons?.

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This New York Times article describes how foreigners are now fleeing Dubai to avoid debtors’ prison. Dubai’s economy, heavily reliant on real estate, is crashing and as many as 3,000 cars are purportedly abandoned at Dubai Airport, left behind by “fleeing, debt-ridden foreigners.” A stark sign of the times, to be sure. [...]

Full post as published by The Debt Podcast on February 20, 2009 (boomark / email).

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