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I really don't understand what you can possibly not understand about the term.
To arrange to pay less than you owe, by agreement. A Negotiation. Probably something like you will pay this X amount now, they will accept it as payment in full. Or you would pay nothing (or less than X) and they can hope to get the rest another way. Which is a compromise.
What else can I help you with?
Does the refusal of a tender of payment discharge a debt?
No, refusing a tender of payment does not discharge a debt.
Is recourse debt subject to discharge in bankruptcy?
Recourse debt can be subject to discharge in bankruptcy, but it depends on the specific circumstances of the bankruptcy case and the type of recourse debt involved.
How can one reduce their tax debt?
You can reduce your tax debt by negotiating directly with the IRS through options like an Offer in Compromise, installment agreements, or penalty abatements. It’s also important to stay compliant with future filings to avoid added penalties. Partnering with experts like Better Tax Relief can help you explore the best solutions and secure maximum savings while resolving your debt efficiently.
How do you discharge a civil judgment?
The same way you discharge any debt in a bankruptcy. Unless it involves fraud of the kind that is not dischargeable., or is for a debt that is not dischargeable.
What compromise led the acceptance of hamilton's plan of reducing the national debt?
The Compromise of 1790 led to the acceptance of Alexander Hamilton's plan for reducing the national debt. This compromise was the first big compromise reached by the new government in America.
How do you settle debt with credit card?
Debt CAN be settled with credit card debt and other unsecured debts. Negotiating a settlement is between you and your creditor and settlements have happened for millions of people and helped them get out of debt.
Can you discharge your car in bankruptcy?
You can't discharge a car or any other asset. You can only discharge a debt (money owed).
Are all debts automatically discharge in chapter 7 bankruptcy for a bankruptcy that occurred in 1988?
If a debt was listed on a Bankruptcy that you filed and the Bankruptcy went through then that debt is permanently discharged with a Chapter 7.
What compromise led to acceptance of Hamiltons plan for reducing the national debt?
The Compromise of 1790 led to the acceptance of Alexander Hamilton's plan for reducing the national debt. This compromise was the first big compromise reached by the new government in America.
How much do debt collectors pay for debt?
The income of a debt collector depends on the contract he os she has with the company they work for. Xpress Page worked with a company in the past that paid 50% of the debt collected, that is not too common. But if you are interested in debt collections, check with xpress page. google Xpresspage
What is debt off?
Debt off refers to the process of eliminating or reducing outstanding debt, typically through repayment strategies, negotiation, or debt relief programs. Individuals or businesses may seek to manage their finances by consolidating debts, negotiating with creditors, or declaring bankruptcy. The goal is to achieve financial stability and improve creditworthiness by addressing and resolving financial obligations.
How can you clear my debts?
Debt settlement is highly successful and gets you out of debt quicker than any other method (12 - 36 months on average). Debt settlement is the process of negotiating with your creditors/debt collectors for a lower, agreed upon, amount to get you out of debt faster.
