4 ms·
It was actually medical debt that at one point may have been worth $15M, but was bought for about $60,000, which is less than one half of one percent of that va
by donarb 9y ago
It was actually medical debt that at one point may have been worth $15M, but was bought for about $60,000, which is less than one half of one percent of that value. This was essentially worthless non-recoverable and out-of-statute debt. Out-of-statute debt is debt that collectors cannot legally sue for. Lots of symbolism, but no actual relief for debtors.
http://www.slate.com/blogs/moneybox/2016/06/06/john_oliver_did_not_really_give_away_15_million_on_his_show.html http://www.slate.com/blogs/moneybox/2016/06/06/john_oliver_d...
- rootlocus 9y agoConsidering that people are still harassed for out-of-statue debt, and some even pay, there is actually some relief. Of course, not $15M relief that's certain.
- TheCoelacanth 9y agoThey are also harassed for debt that never actually existed, so it might not be any relief at all.