Zombie Debts – Part II
April 26, 2012
The Zombie Debt phenomenon as it has recently been called by some accordingly includes significant investors who buy old debt and rely on the consumer’s ignorance of the law to pay – especially a debt that may no longer be enforceable or was never a lawful debt obligation to begin with. This is getting up there with the subprime fraudsters of US fame who pushed the debt envelope a bit too far.
