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 the settlement of all liabilities of Xxxxx on or prior to the completion of the Consolidation pursuant to debt settlement agreements with certain creditors of Xxxxx, pursuant to which Xxxxx will settle $185,000 owing through the issuance of an aggregate of 12,333,334 Xxxxx Shares (on a pre- Consolidation basis) at a deemed price of $0.015 per Xxxxx Share;
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 shares for debt transactions completed by Eureka on April 30, 2018 pursuant to which Eureka issued an aggregate of 2,548,000 Eureka Shares (on a pre−Consolidation basis) in settlement of outstanding debt in the amount of $127,400;
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 the issuance, concurrently with the Closing of the Offering, of a total of 126,666 Debt Settlement Shares of the Issuer at a deemed price of $0.15 per share to Leon F. Anderson, a director and former executive officer of the Issuer, in settlement of accrued management and/or administrative fees totaling $19,000.