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Your
Unemployment
Survival Guide
Steps for financial stabilityDuring your job search
and beyondConsumers United Association
1009 Grant St., Denver, CO 80203
www.cuacolorado.org
1Introduction
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What is debt management dealing with?
Debt management deals with the strategic planning and restructuring of a person or organization's debt in order to improve financial stability.
Who is required to file debt management dealing with?
Individuals or businesses with significant amounts of debt are required to file for debt management in order to address their financial situation.
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Debt management can be filled out with the assistance of a financial advisor or credit counseling agency, who can help create a repayment plan and negotiate with creditors.
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The purpose of debt management is to help individuals and businesses organize their finances, reduce debt, and work towards becoming debt-free.
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Debt management forms typically require information on total debt amounts, creditors, income, expenses, and a proposed repayment plan.
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