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Debt Agreements Service

Getting Started

Business Context




Business Context

A debt agreement (DA) is an option to assist debtors with unmanageable debt. The DA is a legally binding agreement between a debtor and their creditors where creditors agree to accept a sum of money that the debtor can afford. The debtor is released from their debts when they complete all payments and obligations under the agreement. Creditors vote on whether to accept or reject a DA proposal.

Last edited: 28 Feb 2020, 12:15:15