An offshoot of the Occupy Wall Street movement, called Strike Debt, seems to be making its way into Chattanooga.

Last month, The New York Times highlighted the movement, whose participants aim to buy some accrued debt, which leaders often sell cheaply to third parties.

Those third parties either try to collect on it or bundle it for resale, according to The New York Times.


Strike Debt leaders want to abolish the debt instead of collect on it.

The fundraising effort of the movement is called Rolling Jubilee.

There is a ChattanoogaStrike Debt Facebook page, although the site doesn’t have much information about specifics of the local movement.

A representative with the local movement said via Facebook that a group of area residents just had their first meeting last week and that more information will be available in coming weeks.

Forbes also covered this movement.

Read more hereor here.

Updated @ 12:26 p.m. on 12/3/12 to add more information as it became available.