In an earlier post on this website, we told the story of Richmond, California, a small city with big plans to end its foreclosure crisis via a novel use of eminent domain. If successful, this plan could set a nationwide precedent, and Strike Debt Bay Area (@StrikedebtBA), among other groups, is fighting to push it […]
The Rolling Jubilee
We buy debt for pennies on the dollar, but instead of collecting it, we abolish it. We cannot buy specific individuals' debt — instead, we help liberate debtors at random through a campaign of mutual support, good will, and collective refusal. All proceeds go directly to buying and canceling people's debt.