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They probably could, but who would “buy” a liability? If someone wanted to sell you their problems, how much money would you pay for the privilege of the burden

• krsrhe 3y ago
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• deleted 3y ago
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• hanniabu 3y ago
  > who would “buy” a liability? This is literally what this thread is about, people's debt getting passed on from the bank to someone else
  • epgui 3y ago
    No, when people owe money to the bank, that's an asset on the bank's balance sheet. That's the opposite of a liability. Companies will purchase the bank's assets, because the bank's assets (which are your liability) are worth something. It doesn't work the other way around: if your end of it is a liability (your loan/mortgage/whatever), nobody wants to buy that from you, because it's worth a negative amount of money, it's a burden, a liability. Companies want to purchase the other end of the deal, because it's what makes them money: it has a positive value.