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Act No. 101 2 July 2010 Act on Debt Mitigation for Individuals CHAPTER I General provisions Article 1 Objectives of the Act The objective of this Act is to enable individuals in severe financial difficulties

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What is act on debt mitigation?

The act on debt mitigation is a legal framework that allows individuals or companies to negotiate and settle their debts with creditors.

Who is required to file act on debt mitigation?

Individuals or companies who are facing financial difficulties and are unable to pay their debts may be required to file act on debt mitigation.

How to fill out act on debt mitigation?

Act on debt mitigation forms can typically be filled out online or submitted through a debt relief agency. It is important to provide accurate and detailed information about your financial situation.

What is the purpose of act on debt mitigation?

The purpose of act on debt mitigation is to help individuals or companies in financial distress negotiate manageable repayment plans with creditors to avoid bankruptcy.

What information must be reported on act on debt mitigation?

Information such as total debt amount, creditors' information, income and expenses, and assets may need to be reported on act on debt mitigation forms.

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