Settlement: Canada Debt .ca defines Settlement

Bankruptcy Term Settlement

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Canada Debt has the definition to the bankruptcy and debt term Settlement. Finding answers to terms such as Settlement can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Settlement in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Settlement' is used as follows:

The transferring of property to another person or a gift. Under certain circumstances, settlements are void against the Trustee and are brought back into the bankruptcy estate.