After the bankruptcy "reform" of the last decade (which only applied to the lower income levels), we knew it was only a matter of time before the return of debtors' prison and forced work camps. There was never any question that this was where Reaganomics would take us.
I guess I just didn't expect that we'd see it so soon. When the new privatized prison system meets debtors prisons, something very very ugly is going to emerge. And it appears it's going to happen within the next couple of years.
If you are very very wealthy, and you find yourself unable to pay your debt, the government will force citizens to make you whole. If you are part of the working or lower classes and find yourself unable to pay your debt, you have become an enemy of the New Corporate State and will be treated accordingly.