-
Mifflin found out that debtors were without clothing and food while regular criminals were supplied with the basic needs of living.
-
By the year of 1816, at least 2,000 New Yorkers were impriosned in debtors prisons annually.
-
Banks throughout the country failed causing mortgages to be foreclosed, forcing people out of thier homes and off of their farms.
-
Bill allowed the debtors to declare voluntary bankruptcy allowing large numbers of them to gain financial relief.
-
More loans became secured and established the system of garnishment allowing for easier collection of small debts. This act led to the end of debtors prisons just before 1850.