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  2. What are debt relief companies and how do they work? - AOL

    www.aol.com/finance/debt-relief-companies-look-3...

    Debt settlement companies work with your creditors on your behalf to negotiate your total debt amount with the aim of reducing your repayment responsibility. These services aren’t free. You’ll ...

  3. Best debt relief options for credit card debt - AOL

    www.aol.com/finance/best-debt-relief-options...

    Bankruptcy. Bankruptcy is a legal process that provides relief from overwhelming debt by liquidating assets or creating a repayment plan. Chapter 7 bankruptcy is ideal for unsecured loans (such as ...

  4. What is debt management? - AOL

    www.aol.com/finance/debt-management-202149646.html

    Debt management is a way to get your debt under control through financial planning and budgeting. The goal of a debt management plan is to lower your current debt and move toward eliminating it ...

  5. Debt settlement - Wikipedia

    en.wikipedia.org/wiki/Debt_settlement

    Debt settlement is the process of negotiating with creditors to reduce overall debts in exchange for a lump sum payment. A successful settlement occurs when the creditor agrees to forgive a percentage of the total account balance. Normally, only unsecured debts, not secured by real assets like homes or autos, can be settled.

  6. Debt restructuring - Wikipedia

    en.wikipedia.org/wiki/Debt_restructuring

    Debt restructuring involves a reduction of debt and an extension of payment terms and is usually less expensive than bankruptcy. The main costs associated with debt restructuring are the time and effort spent negotiating with bankers, creditors, vendors, and tax authorities. In the United States, small business bankruptcy filings cost at least ...

  7. Compromise of 1790 - Wikipedia

    en.wikipedia.org/wiki/Compromise_of_1790

    The Compromise of 1790 was a compromise among Alexander Hamilton, Thomas Jefferson, and James Madison, where Hamilton won the decision for the national government to take over and pay the state debts, and Jefferson and Madison obtained the national capital, called the District of Columbia, for the South. This agreement resolved the deadlock in ...

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