debt adjustment
- It's a method of reorganizing the repayment or clearance of debts in a way that deviates from the preliminary agreements, often in line with a Chapter 13 bankruptcy plan
- To clear his financial difficulties, the businessman had to make a debt adjustment as part of his Chapter 13 bankruptcy plan.
- The law firm assists clients in figuring out a debt adjustment strategy when they are unable to pay their debts.
- The creditor accepted the proposed debt adjustment, which gave the debtor more time to clear his obligations.
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