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A legal remedy, also referred to as judicial relief or a judicial remedy, is the means with which a court of law, usually in the exercise of civil law jurisdiction, enforces a right, imposes a penalty, or makes another court order to impose its will in order to compensate for the harm of a wrongful act inflicted upon an individual.
Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations.. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and freeing of debt slaves.
Debt settlement (also called debt reduction, debt negotiation or debt resolution) is a settlement negotiated with a debtor's unsecured creditor. Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results can vary widely.
The more complex definition is that debt relief is an umbrella term for multiple programs that can help lower or eliminate your debt. ... Bankruptcy is a legal option that can provide a path to ...
Debt relief comes in many forms, each with different benefits and drawbacks. ... Bankruptcy is the legal process of disputing outstanding debts or financial obligations.
Debt relief comes in different forms or plans and is designed to help you get rid of your debt. Here are some popular ways to relieve your debt: - Debt management plans