Creditors may contract with a debtor for discharge of the debtor's liquidated debts.

Name: Creditors may contract with a debtor for discharge of the debtor's liquidated debts.
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Creditors can enter into an agreement with a debtor for the settlement of debtor's liquidated debts. This can be done through negotiations, payment plans, or debt settlement programs. In such cases, the debtor pays the agreed-upon amount to the creditor, and the creditor agrees to discharge the debt in full.

Creditors May Contract with a Debtor for Discharge of the Debtor's