To: ArrogantBustard
So I can run up a mountain of debt, pay it off for pennies on the dollar and the Rolling Jubilee just refuses to pay it off. I get a bunch of sweet swag for almost nothing?!
Is that how this works?
20 posted on
11/14/2012 6:22:25 AM PST by
The Louiswu
(it's all downhilll from here!!!)
To: The Louiswu
So I can run up a mountain of debt, pay it off for pennies on the dollar and the Rolling Jubilee just refuses to pay it off. I get a bunch of sweet swag for almost nothing?!Is that how this works?
I take it you're not a big fan of the biblical "Jubilee"?
26 posted on
11/14/2012 6:28:20 AM PST by
ksen
To: The Louiswu
The difference between what you owe and what you pay
might be considered "income" ... you could rack up a substantial tax assessment from the IRS.
Beware ... there's still no free lunch.
I'm a bit dubious of the banks selling you your own bad debt ... they wouldn't like the precedent.
42 posted on
11/14/2012 6:52:44 AM PST by
ArrogantBustard
(Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson