Would you ever buy debt to zero it out?

[I spent the winter writing songs about getting better]

Let's assume money is not an issue here, as if you won the lottery or something.

I most certainly would. If I ever won say $10 million, I'd probably dedicate at least a million to this. I understand an Occupy Wall Street-affiliated group was collecting donations to do just this.

[Okay, maybe Mike Johnson is a competent parliamentarian.]

I would if I could, yeah.

[True Federalist (진정한 연방 주의자)]

Possibly if I could buy it at pennies on the dollar, but otherwise certainly not.

[muon2]

Whose debt does this refer to, and are there any terms to the purchase?

[Atlas Has Shrugged]

Yes. The only two scenarios I'm thinking of are 1.) a charitable act or 2.) government/corporate bonds as an investment (Treasury bonds are paying for half of my college tuition and PUC).

I would only buy government debt with the hope of making a profit, but I'd assume the debt of an individual or charity that I value if possible.

[Torie]

Whose debt does this refer to, and are there any terms to the purchase?

[muon2]

If BRTD is referring to projects like Rolling Jubilee then the idea seem to be to buy debt (medical, student, etc) that has been written off by the original lender and is for sale for pennies on the dollar. Then the buyer forgives the debt completely. The goal is to break the debt cycle at the point of the collection agencies who are the usual buyers. I'm still not entirely sure how this ends the large scale use of debt that is their ultimate goal.

[Türkisblau]

Temporary and small-scale solution to a massive institutional problem.

Maybe if I had a lot of disposable income.

[Simfan34]

If you were to do that with $10 million you'd be bankrupt in no time.