5 ms·
John Oliver buys $15M of medical debt for $60k (2016)
- hactually 7y ago3 years ago. Wow.
- prepend 7y agoDoes this incur a taxable income for the recipients in the amount that is forgiven? If so, is it possible for CARP (or orgs like Rolling Jubilee) to buy and hold the debt, never collecting, without actually forgiving it?
- kpatrick 7y agoThe debt was out of statute, so probably not taxable.