debt adjusting
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 372 U.S. 726 - Ferguson v. Skrupa · 1963Most cited · 1,991 citing opinions
the making of a contract, express, or implied with a particular debtor whereby the debtor agrees to pay a certain amount of money periodically to the person engaged in the debt adjusting business who shall for a consideration distribute the same among certain specified creditors in accordance with a plan agreed upon