Debt settlement involves negotiating with creditors to pay a lower amount than the total debt owed, often agreeing on a one-time payment to settle the debt for less.
Cram down refers to the reduction of various classes of debt to a lower amount during bankruptcy proceedings under Section 1129(b) of the Bankruptcy Code.
Deleverage refers to the process of reducing debt levels by any entity, from corporations to governments and individuals, to improve financial health and stability.
A detailed exploration of deleveraging, including its definition, examples, and key financial formulas involved in reducing financial leverage.
