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Budget Division officials have refused to divulge much information about the type of debts that will be turned over to the collection agencies.
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By 2007, this type of debt accounted for almost half of the index.
Barclays, for instance, sold a controversial type of debt, known as contingent convertible bonds.
But one type of debt restructuring could be adapted to suit Europe's situation.
This type of debt first appeared in the years before the financial crisis.
Part of the issue might be that investors have saturated their portfolios with this type of debt.
"Interest on credit cards balances can be higher depending on the type of debt involved," he said.
But caution should be taken, these loans serve as a reminder of the hazards inherent in this type of debt.
As Antico points out this type of debt-buying for charity was pioneered by Rolling Jubilee, an offshoot of the Occupy Wall Street movement.
Prices of these investments have risen in the last month, suggesting government-run programs to buy or guarantee this type of debt are gaining traction.
This, in turn, might require a rejigging of creditors, or the creation of a new type of debt that would convert into equity in certain circumstances.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com