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I detect the possibility of a closed debt-like loop. There must be a way in this system to buy my own $14,000 debt for $500 and forgive myself. Its just a matte
by noonespecial 14y ago
I detect the possibility of a closed debt-like loop. There must be a way in this system to buy my own $14,000 debt for $500 and forgive myself. Its just a matter of path-finding.
So theoretically, I can travel backwards in debt... Profit!
- kijin 14y agoVery interesting possibility. Perhaps OWS should buy a debt for $500, and instead of outright forgiving it, sell it back to the debtor for a symbolic amount such as $1. Maybe this will have different tax implications than what the top comment suggests?
- lmm 14y agoIf your financial circumstances are bad enough that your creditors would sell your $14,000 debt for $500, you can probably do that deal directly with them. Try giving them a call and talking about a payment plan.