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 actions relating to NP loans must be handled under the Federal Claims Col- lection Act; proposals will be sub- mitted to the National Office for re- view and approval.

  • Debt settlement will be considered in accordance with subpart B of part 1956 of this chapter.

  • Debt settlement actions for Economic Opportunity Co- operative loans must be handled under the Federal Claims Collection Act; pro- posals will be submitted to the Na- tional Office for review and approval.

  • Debt settlement is defined, for the purposes of determining the required FS, as crediting cash to the Market Operator’s bank accounts.

  • Debt settlement will be considered in accordance with subpart B of part 1956 of this chapter.(i) Crediting accounts.


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 seeking to settle the principal
Debt settlement means the settlement of an aggregate of $454,591 of bona fide debt owing by Lithium to certain creditors by the issuance of up to 5,682,387 Lithium Debt Units, to be completed on or prior to the Effective Date;
Debt settlement has the meaning given to the term in section 6.5;
Debt settlement means the agreement by Lincoln with various creditors of Lincoln to issue or cause to be issued Shares in satisfaction of up to $1,088,818.53 of indebtedness of Lincoln;
Debt settlement means the debt settlement of $135,469 of accounts payable and accrued liabilities, in consideration of the issuance of an aggregate 135,469 ZeU Shares pursuant to the terms and conditions of the Debt Settlement Agreements;