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Sunday, May 12, 2013

Occupy Wall Street group puts 'zombie' debt to rest

Occupy Wall Street group puts 'zombie' debt to rest:

 "LOUISVILLE, Ky. — An offshoot of the Occupy Wall Street movement has bought more than $1 million in old medical bills in this area and freed the debtors from the obligation of paying it off.

The New York-based nonprofit Rolling Jubilee fund says it is in the process of buying almost $12 million in outstanding old bills nationwide for pennies on the dollar in an effort to liberate debtors who often cannot afford to pay. And it intends to buy more as it gets more money from donors."