Zombie Debt collectors

are overwhelming the Small Claims Court System all over America.

They are buying the defaulted debt from banks, for pennies on the dollar. Someone who will do what the banks were not willing to do. Taking the poor to court to advantage the powerful over the already near or at bankruptcy; with no money nor skill to find resolutions.

When does a debt end, informally, yet permanently? Especially when the debt is small and ethically the right thing to forgive. Should millions of tax dollars be used by the powerful to further damage the poor?

Is usury morally wrong as it has been for thousands of years? Does there need to be a law to define that, to be morally wrong? Is there a practical administrative way to define that so billions of tax dollars do not have to be consumed? I have a suggested method.

For any contract between two parties, if the debt is assigned to anyone else the following must occur. Recalculate the balance due with following schedule/computations. From inception of the debt, post every payment made on the date made, remove every penalty assessed, compute interest at 12% to the date it was assigned. If the balance is zero, it cannot be legally transferred, and not enforceable. If it is a positive number, that amount must be dutifully pursued via multiple understandable communications for 12 months by the assignee. Some form of negotiation must have been made within the first six months. If after that, small claims court can be used. However, if insolvency can be proved in 30 minutes, that is a defense at time of Small Claims Court, and the debt is absolved by the court; and no longer collectible by anyone.

There can be small bankruptcy court too for specific debts that should have been absolved informally. And both the debtor and creditor can use it.

There is a time for forgiveness and a time for healing. Defining it with simple math saves we the citizens billions of dollars. Jubilee.