debtor's plan

Definition of "debtor's plan"
  1. A proposal by a debtor outlining the method of payment to creditors over a set duration
How to use "debtor's plan" in a sentence
  1. Her debtor's plan included monthly payments to cover all owed amounts.
  2. The bankruptcy court approved the debtor's plan, allowing him to repay his debt in installments.
  3. Creating a debtor's plan helps in organizing and systematically repaying debts.
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