Examlex
The term facultative refers to
Credit Counseling
A service that provides assistance to individuals in managing their debt and improving their financial situation through budgeting and educational resources.
Bankruptcy Proceedings
The legal process by which individuals or entities unable to repay their debts can seek relief from some or all of their debts.
Discharged
Released from a contractual obligation or debt; in legal terms, often refers to being released from bankruptcy restrictions or obligations.
Secured Debt
Debt backed by collateral to reduce the risk of lending, such as a mortgage.
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