Debt settlement definition
Debt settlement means seeking to settle the amount of a debtor’s debts with creditors for less than the amounts owed on the debts.
Debt settlement means any action or negotiation initiated or taken by or on behalf of a consumer with a creditor of the consumer for the purpose of obtaining debt forgiveness of a portion of the credit extended by the creditor to the consumer or a reduction of payments, charges, or fees payable by the consumer.
Debt settlement means any action or negotiation initiated or taken by or on behalf of any
Examples of Debt settlement in a sentence
Debt settlement provider" means any person engaging in or holding out as engaging in the business of negotiating, adjusting, or settling debt incurred primarily for personal, family, or household purposes without holding or receiving the debtor's funds or personal property and without paying the debtor's funds to, or distributing the debtor's property among, creditors.
More Definitions of Debt settlement
Debt settlement means any one or more of the following
Debt settlement means seeking to settle the amount of
Debt settlement means the settlement of debt of $97,000 (CAD) owed to two current officers of Pubco by the issuance to them of new Amalco Shares from Amalco’s treasury at a deemed price of $1.50 (CAD) per share. The Debt Settlement shall be completed immediately after the completion of the Amalgamation. The new Amalco Shares to be issued from Amalco’s treasury arising out of the contemplated Debt Settlement shall be subject to a four-month hold;
Debt settlement means the issuance of up to 3,083,333 Asher Post-Consolidation Shares in connection with a debt settlement of approximately $185,000 of outstanding indebtedness owed by the Corporation at a deemed price of $0.06 per Asher Post-Consolidation Share.
Debt settlement means seeking to settle the principal
Debt settlement has the meaning given to the term in section 6.5;
Debt settlement means the issuance, by the Purchaser of Estate Shares on such terms as may be negotiated between the Fresh Creditor and Purchaser but not to exceed a total of 2,600,000 shares of common stock of Purchaser.