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Is the Occupy Movement Paying People’s Debts?

by | Nov 18, 2013 | Business Debt, Debt Collectors, Loan Debt, Medical Debt

A group formed by Occupy Wall Street activists, Rolling Jubilee, just bought almost $15 million of Americans’ personal debt from banks. What is Rolling Jubilee going to do with this debt? Abolish it, they say.

The group bought the almost $15 million in debts for only $400,000. Originally Rolling Jubilee was envisioned as a public education project that would teach people about the growing secondary debt market. However, the group is now focused on buying personal medical debts on this secondary market, and then relieving people from their debts. So far, over 2,500 people in 45 different states have been helped.

Read more here: http://www.theguardian.com/world/2013/nov/12/occupy-wall-street-activists-15m-personal-debt

If you are not one of the lucky recipients of this debt relief, but are struggling with unpaid medical bills or other debts, then contact an attorney who will work on your behalf to get the debt settled and discharged.

 

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Kevin Fallon McCarthy

Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.