Process of negotiating with creditors to reduce overall debts in exchange for a lump sum payment. A successful settlement occurs when the creditor agrees to forgive a percentage of the total account balance.
Insolvency Matters
A state of financial distress in which a business or person is unable to pay their bills. Insolvency can lead to insolvency proceedings, in which legal action will be taken against the insolvent person or entity, and assets may be liquidated to pay off outstanding debts.
Banking Issues (Data Breach)
Data for your company/organisation is responsible suffers a security incident resulting in a breach of confidentiality, availability or integrity.