Debt Management
/ˈdɛt ˈmænɪdʒmənt/
Definitions
- (n.) The process of overseeing and arranging payment of debts to creditors, often involving negotiation or restructuring to improve financial stability.
The company hired a consultant specializing in debt management to avoid bankruptcy.
Forms
- debt management
Related terms
See also
Commentary
In legal contexts, debt management may involve formal agreements under statutes or informal arrangements; clarity about the juridical status of agreements is advisable.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.