Time is a vital resource that every organization treasures and attempts to convert into a gain. When selecting document management software, focus on a clutterless and user-friendly interface that empowers users. DocHub provides cutting-edge instruments to enhance your file management and transforms your PDF file editing into a matter of a single click. Insert Calculations into the Letter Bankruptcy Inquiry with DocHub to save a ton of efforts and boost your productivity.
Make PDF file editing an simple and intuitive process that saves you plenty of precious time. Effortlessly alter your documents and give them for signing without having turning to third-party software. Concentrate on relevant duties and enhance your file management with DocHub today.
no there is one context in which that is incorrect but generally the creditor isnt obligated to reduce the balance that you owe you incurred the debt the creditor wants to get paid and the creditors natural question is why should i reduce the debt you made a promise to pay me and now youre not doing it um so the creditor isnt legally obligated to accept whatever your settlement proposal is in except in one context and that is in bankruptcy because bankruptcy involves the federal government stepping in and requiring that the creditor accept whatever the judge accepts so it depends on the kind of bankruptcy if were talking about a chapter 7 bankruptcy where debts are just wiped out and im thinking of an individual bankruptcy here because businesses cannot get a discharge under chapter 7 they can file under chapter 7 but they cant get a discharge but if youre filing as an individual and the debt is dischargeable your settlement amount is zero and the creditor can say you know that