Debt cancellation often involves the government paying the creditors to cancel the loans. In the case of government loans, they are the creditor and creditors are allowed to cancel debts at will without the exchange of money. But then it’s often a tax write off, which I assume a government agency can’t do XD
Debt cancellation often involves the government paying the creditors to cancel the loans. In the case of government loans, they are the creditor and creditors are allowed to cancel debts at will without the exchange of money. But then it’s often a tax write off, which I assume a government agency can’t do XD