debt adjustment

noun

Legal Definition of debt adjustment

: the arrangements made for the repayment or satisfaction of debts in an amount or manner that differs from the original arrangements especially in accordance with a bankruptcy plan under chapter 13 of the Bankruptcy Code

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“Debt adjustment.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/debt%20adjustment. Accessed 30 Nov. 2020.

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