2 ms·
The debt gets sold to local companies that can attempt to enforce it in that province/town, probably for cents on the dollar. It probably gets sold to an aggreg
by sameverywhere 6y ago
The debt gets sold to local companies that can attempt to enforce it in that province/town, probably for cents on the dollar. It probably gets sold to an aggregate and then collectors bid on it.
Not too different than what happens anywhere in the world.