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Occupy Offshoot Nonprofit Buys and Forgives Debt for 1,000 in Louisville. Why?


“BALANCE DUE: $0.00”

That’s the opening to a certified letter sent to 1064 people in the Louisville area who owed serious medical debts.

The Rolling Jubilee Fund has as its goal the buying and abolishing of defaulted personal debt (as opposed to letting it be acquired and pursued by debt collectors) and so it reportedly has bought and forgiven more than a million dollars’ worth of medical debt for Louisville residents, ranging from $25.50 to $8,790.

Medical debt is, of course, famously the leading cause of bankruptcy in this country. The fund uses donations to purchase debt from debt b...