Debt Adjustment: How it Works
An important thing to understand is that any agreement or payment plan must go through the court system. This is not a punishment, but rather a safeguard that keeps both the lender and the borrower accountable under the supervision of the law. Once a company finds itself in too much debt to pay back the amount in full, a debt adjustment plan can be put in place to allow the company to recover over a longer period of time.
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