debt

So what's a good point of comparison for the US debt?

One of main sources of income they had was debt collection.

If the CRA comes back to you with a "We validated the debt with the reporter.

There simply are not enough Euros in the world to pay off even a small amount of debt.

Of course, after that happened, those debts were just transferred over to the yakuza.

Hmm... we could use the federal budget, or GDP, or the world GDP, or the debt of other large nations.

" and then you file that with the CRA alleging "This debt on my credit report is invalid.

You can't solve a debt problem with more debt and you can't solve a jobs problem by just creating meaningless jobs.

" The CRA will get in touch with the debt collection company, have their attempt timeout, and nuke the trade line.

If the government needs to, it can always print money to redeem mature treasury debt.

However - unlike with the dollar - the countries that created this debt do not have the power to create Euros.

Here's a person whose biggest problem in life appears to be that he's in debt and, for the moment, unemployed.

A lot of management do not see this accumulation of technical debt.

Almost every act of violence was drug debt related.

So as suddenly as markets lose confidence in the debt, it becomes impossible to roll over the debt and pay it off.

Maybe they prefer not to have debt on their balance sheet, with the legal obligation to pay it back in case they can't do a qualified funding round.

This starts a 30 day clock, during which time they have to get to the reporter and receive evidence from the reporter that you actually own the debt.

The bottom line is that we will be purchasing debt of people who are most likely insolvent and if you are insolvent there is no tax implications.

In reality, $14 trillion is not really debt, since it is nonsensical to speak of debt that one owes oneself and can negate by printing paper.

Lots of the people doing these mechanics actually did owe the debt at one point, but are betting that it can't be conveniently demonstrated that they owe the debt.

These messages occurred at about the same time we saw everyone getting hammered over credit-card debt, and heard the Republicans chest-beating over sound fiscal policy.

Difficulties working with said debt is perceived as either "natural" difficulties of working with technology, or worse, incompetence.

[+] Owing more to disorganization and incompetence than malice, many debt collection companies will in fact sell debts which they're not longer legally entitled to.

It's a very common theme in startup-land, and I constantly hear from founders who sacrificed their marriages, worked 19 hour days, slept under their desks, and racked up tens of thousands in credit card debt, all to make their dream a reality.

Odds are, you'll get nothing back from the reporter in that timeframe, because most debt collection agencies are poorly organized and can't find the original documentation for the debt in their files quickly enough.

My dropbox still has 30 PDFs for letters I sent to the 3 CRAs, several banks, and a few debt collection companies disputing the information on my report and taking polite professional notice that there was an easy way out of this predicament for them but that if they weren't willing to play ball on that I was well aware of the mechanics of the hard way.