Remember this story from a few years ago about failed expat real estate speculators in Dubai hiding out in airport carparks? Some didn't get the hint, stayed behind, and now they are in prison. They are resorting to hunger strikes.
Many of the hunger strikers fell victim to Dubai’s once-thriving real estate market, struggling to meet their payments when boom turned to bust in 2008. Twelve face sentences of more than 20 years because each bounced check can translate into a jail term of up to three years.
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Well, at least they'll learn some sort of lesson.
What's done here in the U.S. to serial debtors? Their credit score is reduced, they can't get the lowest advertised loan rates, and they still have the option to discharge their debts in bankruptcy. Yeah, that'll teach 'em to use credit responsibly. :rolleyes:
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