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It was actually medical debt that at one point may have been worth $15M, but was bought for about $60,000, which is less than one half of one percent of that value. This was essentially worthless non-recoverable and out-of-statute debt. Out-of-statute debt is debt that collectors cannot legally sue for. Lots of symbolism, but no actual relief for debtors.

http://www.slate.com/blogs/moneybox/2016/06/06/john_oliver_d...




Considering that people are still harassed for out-of-statue debt, and some even pay, there is actually some relief. Of course, not $15M relief that's certain.


They are also harassed for debt that never actually existed, so it might not be any relief at all.




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