JUBILEE: Debt Relief and Forgiveness
In our latest paper (code-named “JUBILEE”), we use secure computation to compute debt settlements without involving third parties, incentivising all the involved parties to truthfully reveal their private information about expected recovery valuations.
Thanks to secure computation, we obtain better debt settlements with a higher probability of success, “blessing the debtor” with greater debt forgiveness.
We include a simple and practical implementation for “The Secure Spreadsheet”.