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Old 11-07-2007, 09:30 PM   #1 (permalink)
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What Is Zombie Debt And Why Is It A Problem?

In a recent BusinessWeek article entitled “Prisoners of Debt”, the author discussed companies buying and selling debt that has already been discharged in bankruptcy.* When the debt is revived by unlawful credit reporting or collection action it is often referred to as zombie debt.* It seems that such debt can be purchased inexpensively and new [...]

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