Voluntary Debt Arrangement

Voluntary debt arrangement (nini-seiri) is debt restructuring via direct attorney-creditor negotiation without court involvement. Attorney notification stops collection (Money Lending Business Act Art. 21). Recorded in credit registries for ~5 years. Allows excluding mortgages and guarantor-backed debts.

Statute Reference

貸金業法21条1項9号

FAQ

Q. What does Voluntary Debt Arrangement mean?

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This article provides general legal information and does not constitute legal advice. For specific legal issues, please consult with a qualified attorney.

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