What is debtor's refuge?

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1128691

2026-02-17 22:40

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Debtor's refuge refers to a legal or physical space where individuals facing debt-related legal actions can seek protection from creditors. Historically, certain areas or jurisdictions would offer immunity from debt collection, allowing debtors to avoid imprisonment or legal penalties. Modern interpretations of debtor's refuge can also include bankruptcy protections and financial relief programs that help individuals manage or eliminate their debts. The concept emphasizes the balance between creditor rights and the need for individuals to have a chance for financial recovery.

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