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Boffer in compromiseb (BOICB) is a legal process where a debtor negotiates with a creditor to settle a debt for less than the full amount owed.
Any debtor who is unable to repay their debts in full may file a boffer in compromiseb (BOICB).
To fill out a boffer in compromiseb (BOICB), a debtor must provide detailed financial information, including income, expenses, and assets.
The purpose of a boffer in compromiseb (BOICB) is to allow debtors to settle their debts and avoid bankruptcy.
A boffer in compromiseb (BOICB) must include detailed financial information, as well as a proposed settlement amount.
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