By Matthew Sparkes, The Telegraph
November 9, 2012
http://tinyurl.com/aj5eup6
From the2012scenario.com
The Rolling Jubilee project is seeking donations to help it buy-up distressed debts, including student loans and outstanding medical bills, and then wipe the slate clean by writing them off.
Individuals or companies can buy distressed debt from lenders at knock-down prices if the borrower is in default or behind with payments and are then free to do with it as they see fit, including cancelling it free of charge
