Debt settlement
id:
debt-settlement-288-9244860
title:
Debt settlement
text:
Debt settlement is a settlement negotiated with a debtor's unsecured creditor. Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results can vary widely. When settlements are finalized, the terms are put in writing. It is common that the debtor makes one lump-sum payment in exchange for the creditor agreeing that the debt is now cancelled and the matter closed. Some settlements are paid out over a number of months. In either case, as long as the debtor do
brand slug:
wiki
category slug:
encyclopedia
description:
Settlement negotiated with a debtor's unsecured creditor
original url:
https://en.wikipedia.org/wiki/Debt_settlement
date created:
date modified:
2024-01-26T23:05:57Z
main entity:
{"identifier":"Q117075427","url":"https://www.wikidata.org/entity/Q117075427"}
image:
fields total:
13
integrity:
14